By L. Sampson
Bad credit makes home equity loans one of your better
options since you qualify for low rates compared to other
sources of credit. With a 100% financing, you can easily tap
into your home’s equity, especially if it has appreciated in
value since you originally purchased it. Just take some time
research sub prime lenders to find the best available loan
How Much Can You Borrow With A Home Equity Loan?
Home equity loans offer a number of options. You can borrow
against all or part of your home’s value, even if you have
credit. Your home’s value is determined by a third party
assessment, based on selling prices of comparable homes in
neighborhood. So you may just be surprised on how much you can
You can use your equity in one lump sum payment with a home
equity loan or take it as needed with a line of credit. Home
equity loans have the lower rates, but lines of credit offer
flexibility and possibly lower interest costs.
Turn To Online Lenders For Better Equity Loans
Online lenders offer better loans since they have to compete
with companies from across the nation. Financing companies
have lower overhead costs with online applications, enabling
them to pass on greater savings.
With so many sub prime lenders to choose from, it is easy to
get overwhelmed. Base your loan search strictly on numbers.
for no obligation loan quotes to compare rates and fees.
With home equity loans, fees, such as annual processing or
minimum balances fees, are more likely to be a part of the
terms. Since these can add hundreds to your loan costs, check
the fine print carefully.
Finishing The Application Process Is Easy
Once you have selected a lender, the application process is
simple. You merely confirm with your lender that you are ready
for them to process your application and verify your credit
information. In a few days you will receive your final loan
contract for your approval and signature. And in less than two
weeks, you can expect to see your funds deposited into your
About The Author: Visit www.homeequitywise.com for more
information on getting a 100% Home Equity Loan with bad