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To read and learn about home equity loan rules in the UK, one should speak to a financial expert for advice. Alternatively, speak to a banking representative.

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12y ago

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How can I use my home equity to get a loan?

You can use home equity to get a loan by using it as a collateral. You can read more at www.bankrate.com/brm/howdoi/howdoighel.asp -


Where can a person go online to read home equity loan comparison?

If someone is looking for information on a specific bank, then that bank's site would be the best place to go to read about home equity loan comparisons. For a more objective view, though, Bankrate offers some information as well.


Which banks have home equity loan FAQ to read online?

Banks that have home equity loan frequently asked questions and answers include Wells Fargo, Bank of America, PNC, Citizens Bank and Citizens Bank. Most federally insured banks in the United States provide a F.A.Q. section about their loans and lending policies that can be read online.


Where can one find information about Bank of America home equity loan?

You can find out about Bank of America home equity loans by contacting your local Bank of America branch. Failing that, you can ask your financial adviser, or read on forums and blogs.


What is the average interest rate on a Home Equity Loan in Texas?

The average interest rate on a Home Equity Loan in Texas is about 8 to 10%. You can read more at www.window.state.tx.us/specialrpt/homeeqty03/ There are several different types of loans and circumastances,so a tru average is not possible. You can find rates as low as 5% and as high as 19%


What are the rules to get a VA Home Loan?

They guarantee your load if you have Veteran benefitis. You can read more here http://www.homeloans.va.gov/faqelig.htm


Where can one find more information about how to refinance his or her home with HELOC?

One can find more information about how to refinance his or her home with HELOC by visiting the WSJ website to read about the HELOCs guide to home equity loan. A Home Equity Line Of Credit (HELOC) is a lump sum of loan that the bank can give someone in the form of a credit card. One only pay interest on the actual amount that one spends.


What is the catch with no cost home equity loans?

Their really isn't a "catch" to no cost home equity loans. One must be careful to read everything carefully and fully understand the terms of the loan. Under some of these loans you can pay interest only at the beginning but later must start to pay down the principal, and that can mean a much higher payment.


What is an acceptable rate for a home mortgage loan?

An acceptable rate for a home mortgage loan is 7-9 percentage. Read more at www.mortgageloan.com/ or www.interest.com


Where can a person read equity news?

One can read the latest equity news via a number on online sources. Equity news can be found on 'Financial Times', 'Top Equity News', 'Bloomberg' and 'NY Times'.


What does Reverse mortgage depend on?

A reverse mortgage allows a senior home owner to convert their home equity to cash. These loans may be availed by senior home owners having equity in their homes. If an individual is a senior citizen and does not intend on moving out of his or her home for some time, a reversed mortgage may be an option worth considering. Repayment of the loan needs to be made if either the home is sold or the borrower dies. If the former occurs, the borrower or their heirs will need to repay the amount of the loan along with the associated interest and fees from the sales proceeds. The amount of money that the individual can borrow from a reverse mortgage depends on a number of factors Read More : http://www.housingnewslive.com/reverse-mortgage.php


How can you find more information about a second home mortgage loan?

A second mortgage is a home-secured loan taken out while the original, or first, mortgage is still being repaid. Here’s what you need to know: Definition: A second mortgage is a lien taken out against a property that already has a home loan on it. Unlike other types of loans, such as auto loans or student loans, you can use the money from your second mortgage for almost anything. Second mortgages also offer interest rates that are much lower than credit cards. Home Equity: Your home equity determines how much money you can get when you take out a second mortgage. It’s the portion of your home that you’ve paid off. Calculating your home equity is relatively easy: subtract the amount you’ve paid toward the principal balance of your home from the total amount you borrowed. For example, if you bought a home worth $200,000 and you’ve paid off $60,000 (including your down payment), you have $60,000 worth of equity in your home. Uses: Homeowners might use a second mortgage to finance large purchases like college expenses, a new vehicle, or even a down payment on a second home. Alternatives: Consider other financing alternatives, such as a personal loan or cash-out refinance, which could be better choices depending on your specific needs.