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What are Home Equity Loans and how can they help borrowers

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What are Home Equity Loans and how can they help borrowers

Last updated: November 21 2018
14 | Posts
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  • #11

    #11

    Re : What are Home Equity Loans and how can they help borrowers

    puretalk As usual, banks consider the credit history of the loan applicant and the property documents before approval. So it should be more or less the same process like applying for a home loan except for the status of the property and the financial requirement and eligibility.
    Talk TRUE; Talk IREF

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    • #12

      #12

      Re : What are Home Equity Loans and how can they help borrowers

      Have not been posting since a long time - nothing to talk about in real estate right now as obvious. Anyway, this looked like some topic for discussion so hopped in. Home equity loans must get popular now given the kind of expenses families keep getting into every now and then just to keep up their social status.

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      • #13

        #13

        Re : What are Home Equity Loans and how can they help borrowers

        Cosmochen good to see you back. You are right about the web of loans that borrowers find themselves entangled in. Most of those loans are for things that would only pass for the approvals and longing of the society. But what can we say, it is all about modern living now.
        Talk TRUE; Talk IREF

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        • #14

          #14

          Re : What are Home Equity Loans and how can they help borrowers

          Malvish yes, years ago or rather a generation ago, a home loan was a privilege. Look at us now - we need a loan for everything. It is getting all the more ridiculous. Anyway, back to the topic, it is good to have some handy cash when needed.

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          • #15

            #15

            Re : What are Home Equity Loans and how can they help borrowers

            You are right about that Cosmochen - people are living on debt money in this century. It has become a habit of sorts. First to meet a need, then to meet the expenses that all those loans for needs that they have been burdened with. Funny really!

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