4 responses to “where do i get a home equity loan with bad credit?”

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  weelassie April 29th, 2009 at 02:31

  CARSON

  I hope you don’t fall into that trap. Look around you at all the forclosures happenijng to people who had bad credit but managed to get a loan. Now they are truly bankrupt.

  Wait until your credit is fixed and you can get a good rate on a loan.

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  lisa s April 29th, 2009 at 11:20

  FORREST

  if the equity in your house is high, you can get a home equity loan with a 550 score.
  If you owe less than half of your orginal mortgage start with your local bank and work out

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  stew w May 1st, 2009 at 07:55

  TRACEY

  Like any other type of loan, there are some factors you should look into carefully in the bad credit home equity loan. Check out the interest rates and conditions of the loan before taking any decision. Most of the times, they are not borrower-friendly like those for the good credit costumers. But this is due to the fact that bad credit home equity loan companies take on more risk by lending to persons with bad credit and they want to compensate their risk. When you shop around for the rates, you can get a better rate, though not as good as the rate for the good credit customers.

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  Taylor K May 4th, 2009 at 04:40

  JUNIOR

  If you are a first time borrower of a home equity loan it is imperative that you have a checklist of essential questions that you need to ask each and every lender. The answers to these questions will provide a valuable reference to base your comparisons on. What’s the interest rate? Knowing this is crucial. The interest rate will determinepercentage by which the adjustable rate will change. What is the Annual Percentage Rate or APR? The APR on the home equity loan will determine the yearly payment you will need to make towards this.The higher the payment in terms of points, the lower is the interest rate.