Posted on: 03rd Mar, 2009 04:08 pm
I would get the loan to pay of a couple credit cards, and the remainder of my car loan
it may be beneficial yes. however, your rate on a home equity loan will be much higher than a rate on a home equity line of credit (heloc).
how/where do you get a home equity line of credit?
hi kerry
you will be able to get a home equity line of credit if there is equity in the property. you can contact your current lender or other lenders to check out the rates and terms. but you should note that home equity line will be a second mortgage on the property.
you can also seek a no obligation free mortgage consultation from the lenders of this community. this will help you to know the rates and terms you can expect to get. you will also get a fair idea about the prevailing market rates.
thanks.
you will be able to get a home equity line of credit if there is equity in the property. you can contact your current lender or other lenders to check out the rates and terms. but you should note that home equity line will be a second mortgage on the property.
you can also seek a no obligation free mortgage consultation from the lenders of this community. this will help you to know the rates and terms you can expect to get. you will also get a fair idea about the prevailing market rates.
thanks.
local lenders in your area probably advertise in the newspapers in your area. keep your eyes peeled for them. also, you may wish to check with your local credit union, if you're a member. rates there would probably be as low as you're likely to see anywhere.
