Stated Income Home Equity Loan
October 20th, 2008
Provides quotes from mortgage companies in your local area. Also offers mortgage guides and calculators.
Home equity loan is a type of secured loan. It means that the loan is secured by the borrower’s property. The equity is the value of your home that the borrower owns. In order to determine the equity value of the borrower’s home, the borrower needs to take appraise the home on the current market. Home equity loans are a good way of having fast and easy money. However if you obtain a home equity loan you take the risk of losing your home if you are unable to pay the monthly payments because in home equity loans, you will set your home as collateral.
There are many types of home equity loans; one type of home equity loan is the stated income home equity loan. Stated income home equity loans are the types of home equity loans that means the lender is not going to be validating any income or assets of the borrower
Tags: home equity poor credit, equity home loan secured, maryland home equity loan, equity home loan refinance vs, home equity mortgage rates, home equity loan quote, lowest home equity loan, home equity debt consolidation
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Entry Filed under: Home Equity Line of Credit
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3 Comments
1. Credit Crunch » Sta&hellip | October 20th, 2008 at 3:48 pm
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