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What else can I help you with?
Is a mortgage considered a consumer loan?
Yes, a mortgage is considered a consumer loan because it is a type of loan that individuals take out to purchase a home or real estate property.
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.
What banks offer low home mortgage loan rates?
Banks that offer low home mortgage loan rates can be found by going to the banks themselves. Ask about the type of loan you need and They will provide you with an answer to make an easy decision.
What companies sell a fixed home equity loan?
A fixed home equity loan is a type of loan where the borrow uses the equity in their home as collateral. Various companies sell this type of loan like Bank of America and Citizens Bank.
How can someone apply for a direct loan?
A direct loan is a type of loan that students can take out to pay for college. To apply for this loan, you need to fill out a FAFSA form. The information will be sent to your school where it will be decided whether you qualify for the loan.
Is a mortgage considered a consumer loan?
Yes, a mortgage is considered a consumer loan because it is a type of loan that individuals take out to purchase a home or real estate property.
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.
What banks offer low home mortgage loan rates?
Banks that offer low home mortgage loan rates can be found by going to the banks themselves. Ask about the type of loan you need and They will provide you with an answer to make an easy decision.
What companies sell a fixed home equity loan?
A fixed home equity loan is a type of loan where the borrow uses the equity in their home as collateral. Various companies sell this type of loan like Bank of America and Citizens Bank.
How can someone apply for a direct loan?
A direct loan is a type of loan that students can take out to pay for college. To apply for this loan, you need to fill out a FAFSA form. The information will be sent to your school where it will be decided whether you qualify for the loan.
Where do I apply for a home loan modification refinance?
You need to contact your current mortgage lender to apply for this type of refinance. Since it is only a modification of a current loan, they will need to be the ones you go through.
Can a primary mortgage be classified as a home equity loan?
Yes. There are 2 ways to refer to a mortgage loan: 1) Lien position on the title (1st mortgage, 2nd mortgage) 2) Product type (loan type: 1st mortgage, home equity loan, home equity credit line) If you only need to borrow $10,000 for example, this will not meet the minimum loan amount for a first mortgage with most lenders. Therefore you may obtain a "home equity loan" which is more often used as a second mortgage, but it will be the primary loan on the home.
Why do you need to use the ing home loan calculator?
ING Home loan Calculators ara vailable free to use in the internet. It takes the loan type and plan, interest rate and years of repayment as well as monthy installment as input for calculation.
What is an equity home mortgage?
An equity home mortgage is a type of loan which the buyer uses the equity of the home as a collateral. This type of loan is very risky because one's own home is in danger.
Do you need to have bought your property to get home improvment loans?
Most banks approve home improvement loans based on the equity in your home. So yes, you will likely need to be the homeowner in order to be approved for this type of loan.
If I am selling a house can I roll the closing costs into the new mortgage for my new home?
It depends on your lending institution, the type of the loan, etc. There are a lot of variables. You need to talk to your loan company about this.
What type of credit score does someone need to get a no down payment home loan?
If a person wishes to get a no down payment home loan he or she needs an acceptable credit score so that the loaner is convinced that the person has adequate income to repay the loan. Usually 620 or higher is expected.
