Can i get a home equity loan with no credit history?

Answer You can get a home equity loan even if you have no credit history. It works because a home equity loan has a secure type of collateral--your home--that is available to the lender if you fail to mee... Read More »

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What is the difference between a home equity loan&a home equity line of credit?

Home equity loans and home equity lines of credit are two ways to borrow against the value of your home. Though they both use your home as collateral, they differ in a number of ways.Accessing Fund... Read More »

What credit score do you need to get a home equity loan?

On One Hand: Above 720 is BestA borrower's interest rate on a home equity loan, or any type of mortgage, is determined by a number of factors. However, the largest single factor is a borrower's cre... Read More »

Is a home equity loan or a line of credit better?

On One Hand: Home Equity Loan BenefitsHome equity loans are ideal for covering a significant expense such as a new car, or for consolidating credit card debt. The benefits of this type of loan incl... Read More »

What is a home equity loan line of credit?

When you are looking for a loan for a major purchase or to have in place in case of an emergency, you will encounter a number of loans at your bank or financial institution. If you own your home, a... Read More »