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A home equity loan is often used for the purpose of remodeling a home. TD Bank and Wells Fargo Home Mortgage both offer home equity loans to qualified homeowners.

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12y ago

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Can private individuals obtain construction loans for remodeling or building?

Remodeling loans are based, generally, on the equity in the property. A remodeling loan is usually a second mortgage. Loans for building, depend on what is being built. An individual who owns the land outright can usually get a loan to build a home, provided that his/her credit score and income:debt ratio is acceptable by the lender.


Is it advisable to take an equity loan out on your home if it is paid off?

There are many reasons that people take out equity loans such as remodeling or bill consolidation. For reasons such as this then it is advisable to take an equity loan out.


How do you convert a conventional loan to an FHA loan?

One cannot directly convert a loan from one type to another. Rather, one must complete a refinance (in this case, without cash out) to move from a conventional loan to an FHA loan.


How can I have my student loan forgiven?

One can have a student loan forgiven if one has no money at all to pay or if one joins a program called student loan which basically pays every penny of ones loan.


Is a home equity line of credit or a mortgage a better way to obtain cash for remodeling on a second home with no current mortgage?

you should probably go with a home equity loan. If you shop around you can get it done with no closing cost. there are two kinds of equity loans. Home equity loan are adjustable rate and kind increase over the years and there are fixed seconds where your lock in for the life of the loan.

Related Questions

What is the best option for someone seeking a home remodeling loan?

I need to get a home remodeling loan. But I want the best one. Is this available at the bank, or are there special home remodeling loan people?


Do I go to a regular bank or a credit union to get a remodeling loan?

How do I go about getting remodeling loans? Do I go to my regular bank or credit union?


Where can one find Remodeling loans companies in London?

You can find Remodeling loan companies online or by talking to your friends and family. There are many banks that will help you remodel your home or company to help you improve the look and money your house is worth.


Can private individuals obtain construction loans for remodeling or building?

Remodeling loans are based, generally, on the equity in the property. A remodeling loan is usually a second mortgage. Loans for building, depend on what is being built. An individual who owns the land outright can usually get a loan to build a home, provided that his/her credit score and income:debt ratio is acceptable by the lender.


What are the benefits to refinancing your home and is that a way to get the funds you need to do home remodeling or renovations?

The benefits to refinancing your home is to eliminate the risk and lower the leverage. Yes, you can take out a loan as a way to do home remodeling or revonations


What is a nagor?

A nagor is a west Africa gazelle (Gazella redunca).


Is it advisable to take an equity loan out on your home if it is paid off?

There are many reasons that people take out equity loans such as remodeling or bill consolidation. For reasons such as this then it is advisable to take an equity loan out.


Where can one find information on remodeling a bathroom?

There are many places where one can find information on remodeling a bathroom. One can find information on remodeling a bathroom by visiting popular on the web sources such as HGTV, Lowe's, and DIY Network.


Where can one find before and after kitchen remodeling pictures?

Before and after kitchen remodeling pictures are available at the website of television networks HGTV and DIY as well as at Sears Home Improvement and Guide to Kitchen Remodeling.


What are home improvement loans used for?

A home improvement loan is used to help with remodeling and improving you house. Some house have minor things to be done so they don't require a large loan, while others may require a major amount of work and a larger amount on the loan.


Where can one find pictures of bathroom remodeling?

You can find pictures of bathroom remodeling online at the One Week Bath website. On the page, you can find before and after photos and time-lapse videos.


Where can one find some remodeling ideas?

One can find many remodeling ideas all across the internet. Some websites that cover this topic would be "houzz", "bhg", "thisoldhouse" or "calfinder".