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Yes. They are separate lending industries. But what debts you have can prevent you from getting a loan.

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14y ago

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Can you have both a home equity and a home improvement loan at the same time?

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).


How long educational loan sss process?

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.


If you are married can you apply for a first time home buyers loan if your spouse owns home?

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.


What is first time new buyer home loan?

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.


What is a Bad Credit Mobile Home Loan?

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.


Can you get a first-time homebuyer credit on your home equity loan?

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.


Do you have to have have homeowners insurance with a credit line?

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.


Can calamity loan and pag-ibig multi-purpose loan be availed at the same time?

yes.


Can you use a government school loan for something besides school?

Only for legitimate educational expenses. Abuse for non-educational purposes can get you a stiff fine and/ or time in a federal prison.


How do you write a covering letter for your study loan?

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.


What is the current APR on an Aussie home loan?

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


Where can one get a loan for first time home buyers?

First time home buyers have many options when seeking a home loan. Some online resources include Quicken Loans, VA Mortgage Center, Realtor, and HUD.