Yes. They are separate lending industries. But what debts you have can prevent you from getting a loan.
Yes, it is possible to have both a home equity and home improvement loan at the same time. The home equity loan will typically be guaranteed by the value of the property and the home improvement loan will typically be an unsecured personal loan. Ideally, one would use the home equity loan (or line of credit) for home improvement activities in order to write off a portion of the interest paid from their taxes (unsecured personal loans do not get the same tax treatment).
The Social Security System has made it easier for people to get the educational loan. The length of time waiting to get the loan will vary based on how fast the paperwork is completed for the loan, and how fast the school processes all of the paperwork.
Yes, if you are not on the current loan and will be the primary borrower on the new loan you may qualify as a first time home buyer.
A first time new home buyer loan is a loan that is specifically targeted to first time home buyers. Some advantages of a first time home buyer loan include lower down payments, lower interest and lower fees, depending on the company offering the product.
Bad Credit Mobile Home Loan is a type of loan that is extended to people with low credit score. In addition, the loan itself is reviewed from time to time making sure the rate is appropriate for the borrower.
A home equity loan is something people take out when they have already purchased a home and already have a mortgage. It is a loan against the equity you have in your home. Therefore, since you already own your home you would not qualify for present first time home buyer programs.
Yes, if the line of credit is a home equity line where the home is the collateral for the loan then you will have to prove that you have insurance on the home for the home equity loan. Any time you use collateral for a loan then part of the loan agreement will involve proof of insurance on the collateral.
yes.
Only for legitimate educational expenses. Abuse for non-educational purposes can get you a stiff fine and/ or time in a federal prison.
When writing a cover letter, remember that those reviewing these letters do not have much time. Be brief while providing the important information including your name, educational experience, educational goals, and how you plan to use the loan funds.
The apr on an aussie home loan on average is 6.99-7.00% depending on the time owned and quality of the home you would like to rent
First time home buyers have many options when seeking a home loan. Some online resources include Quicken Loans, VA Mortgage Center, Realtor, and HUD.