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Can you get a home equity loan on a house that is paid off without a job?
Wiki User
∙ 16y ago
Yes you can, depending on your debt and credit score.
Wiki User
∙ 16y ago
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Can you get a home equity loan without having a home?
No.
If your ex was court-directed to pay off your home-equity loan in the divorce can you sell the house without using your own equity to pay off the loan if he cannot refinance or pay in a lump sum?
Since the house was used as collatoral for the loan you would have to use your equity in the house to pay off the loan.
Can a home equity loan on one house be transferred to a new loan for a new house?
No
Can I use my house to acquire a secured loan?
yes you can acquire a secure loan using your home. you can apply for a home equity loan or a home equity line of credit.
What is the difference between a home improvement loan and a home equity loan?
Home improvement loans are given to people who want to do renovations on their house. Home equity loans are loans that are given out with the assurance of the house.
Can you take out a home equity loan without equity in your house?
A home equity loan is a mortgage based on the value of your home that exceeds any outstanding mortgages. Your equity is the value of your home that is actually paid for. If your home is fair market valued at $100,000 and there is an outstanding mortgage in the amount of $40,000 then you have $60,000 in equity. However, note that due to costs, fees and fluctuating home values a lender will generally not loan the full amount of equity but something less than the fair market difference. In your case, having no equity in the home means that you have nothing to offer the lender as collateral and the lender has no reason to loan you any money. No equity means no home equity loan.
Can you get a home equity loan without your spouses signature?
yes you can
Can a home equity loan be used for a downpayment on another home?
A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. There is no restriction on how we can use the money from Home Equity Loan.
A home equity loan is a lump-sum second mortgage loan made on the available equity in a home?
True, home equity loan.
Can you refinance home equity loan without touching the first loan?
That's what a refinance is changing the terms. However, if you have equity, can get a 2d as alternative.
Can you get a home equity loan without documenting your income?
No. Even though a home equity loan is backed by the value of one's principal residence, the individual's income must be substantial enough (after other payments) to cover the principal and interest payments associated with the home equity loan. If income cannot/will not be documented, no lender will approve a home equity loan.
What is a unsecured home improvement loan?
Loan given by bank without security (meaning: Home equity is not used by bank)
