We will be listed as “entering foreclosure” until September, but have already made 5 consecutive payments into the forebearance plan, including a large down payment. However, in order to get our finances in order and pay education costs, we need to take out a home equity loan. Will lenders approve the loan (if we have one great credit score, one bad, and a good income) in our current state? Or would it be rejected outright?
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Will I Be Able To Get A Home Equity Loan If I Am Currently In A Forebearance Agreement With My Mortgage?
Thursday, May 7th, 2009What Would Be Better, A Home Equity Loan Or Refinance At Lower Rate To Add On To My Home?
Wednesday, May 6th, 2009I’m wanting to add on to my home but I’ve never used a home equity loan. I have used the refinance method where you borrow a little extra to add on. What would be the best now, with the way the economy is and the interest rates unstable?
