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How do you apply for an equity loan?

Updated: 9/20/2023
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Wiki User

12y ago

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To apply for an equity loan you have to contact a mortgage or home equity lender and see what kind of equity your home has. If your property value has declined it is possible that you could have negative equity.

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12y ago
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Kathern Kuntz

Lvl 3
2y ago

How does your applying gor an equity loan on a home that is worth 3 times your paid for it

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Related questions

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.


How long to you have to own your home to be able to apply for a home equity loan?

You have to own your home for ten years before being allowed to apply for a home equity loan. After that period you have no guarantee that you will be approved.


Where can one get refinance or home equity loan?

You can get a refinance or home equity loan from banks such as Chase. Alternatively, you can also get this loan from the Bank of America. You can apply online at their respective websites.


How can someone get a home equity loan if they have bad credit?

A person with bad credit can still apply and get a home loan by using the equity in their home as collateral. The more equity in the home the better the chances of being approved for the loan.


What companies allow you to apply online for a fast home equity loan?

Most banks will allow you to apply for a home equity loan on their official sites. It is recommended that you get quotes from several sites to ensure you get the best rate possible.


How can one apply for a second equity home loan mortgage?

One can apply for a second equity home loan mortgage by visiting a bank and filling out the application. Banks make approval decisions about second home loans according to ones home equity and personal credit rating.


Where can one get a fixed rate home equity loan?

One can get a fixed rate home equity loan using a real estate values website to figure the value of their home. Then one has to apply for the loan with their lender.


How can one apply for a home equity loan in New Jersey?

Applying for a home equity loan in New Jersey can consist of going to your local bank for information. One can also find a variety of information on websites that provide information and offers on a home equity loan.


What companies allow you to apply for a home equity loan online?

A number of financial institutions allow one to apply for a home equity loan or line of credit online. These include Citibank, Wells Fargo, Nationwide, Bank of America, Key Bank and Schwab.


Can you get a personal loan attached to a new home loan?

If you have equity, you can get an equity loan


What are the steps to apply for a Wachovia home equity loan?

You can apply for a Wachovia home equity loan on the internet or over the telephone. The amouint you can borrow will be based on your income and assets. You can contact Wachovia, now part of the Wells Fargo Company, via telephone 7 days a week.


How can one apply for a mobile home equity loan?

To apply for a mobile home equity loan it is necessary to go to your local bank or other corporations that offer these loans. It's advised to look through many offers, as one can offer a loan at low interest rates. To be eligible for this type of loan, you may not have more than 4 residences on which there's already an equity loan on. Also your residence may not be under construction, built on leased land, for sale or a mobile home.