Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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How do you know you won't qualify for a HELOC? I'd call around to some banks and talk to them. HELOCs are based on your equity with many banks making the HELOC higher that the actual equity (I've...
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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16 Replies
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Thanks all for the insights
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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16 Replies
2,518 Views
How much are you needing? My bank often sends blank checks with 0% apr for a year and 3.9 after. If you need like 10k for a few years this might be the way to go.
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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does anyone have any good sources for Home improvement loans? The home is already financed for from last 2 years. There are certain home improvements that we are planning to do that we need a loan...
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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How much money are we talking about?
Many credit cards will offer "balance transfer" checks with 0% APR for the first 12-24 months, though they normally tack on an instant 2-4% balance transfer...
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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16 Replies
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What about the checks though like I said, not credit cards.
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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look into a 203k refinance maybe? you can roll renovation costs into the refinance, albeit at a higher rate than a conforming...about 0.25 - 0.5% higher.
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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16 Replies
2,518 Views
Wow thanks for the insight
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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16 Replies
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Unless we're talking about absolutely necessary (ie: right away) home improvements that you can't wait for, like replacing rotting walls or something like that, I would strongly suggest just waiting...
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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you're not getting one with a
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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16 Replies
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Danger Will Robinson, Danger!
Seriously dude, unless the roof is caving in, I'd hold off on any home improvement for a while. You have no equity in your home, a crappy credit score, and you want...
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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Oh ok
Am fairly confident of paying it off in 12 months.
Amount needed is about $20-25K
Anyone know good balance transfer credit cards?
I never seem to receive these 'offers'.... so...
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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Also look into a home equity loan from your credit union. They offer a fixed rate versus the floating rate with a HELOC.
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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Heloc
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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I would imagine that you would either need to get a home equity line of credit (ie: HELOC) if you plan on using your home for collateral on the loan. If you wanted to go the unsecured route,...
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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It looks like we will not qualify for HELOC, as the home has mortgage for less than 2 years and we did not put a significant amount down.
So yes, it will be an unsecured loan. Thats why I was...
Home improvement loan: where to get?
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Thread created 06-01-2012 by Zemblanity
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thanks for ur suggestion, gonna try that
the credit score is in 690's