Posted by mark on November 21, 2000 at 17:18:09:
WHAT’S A HARD MONEY LENDER,AND HOW DO YOU FIND THEM?
home equity - Posted by berty
Posted by berty on November 20, 2000 at 15:29:59:
I hope this don’t sound stupid, but I’m new here.
Do you need any kind of credit to borrow from
your home equity?
Re: home equity - Posted by Ed Garcia
Posted by Ed Garcia on November 21, 2000 at 10:50:22:
Berty,
A Home equity loan is just a term for a second mortgage. It depends on where you get it. Obviously, if you want a less costly loan you will have to qualify for it, based on income and credit as well as equity. On the other hand if you are lacking in credit or income, then you can get a second from a “Hard Money Lender”, which is an equity lender who makes loans, based purely on the equity in your home.
Ed Garcia