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| *The Commerce Journal>>>Renting & Real Estate |
A friend$300,000 equity in the house but 560 credit score son will make home equity is it possible? |
A friend$300,000 equity in the house but 560 credit score son will make home equity is it possible? It would help if you write your question in English. If you are asking is it possible to obtain a home equity loan on a home with $300,000 of equity, the answer is yes because the house secures the loan. With a low credit score, the interest rate may be higher and the amount of the loan may be well below $300,000. The loan is secured by the house, but the bank will want to make sure it can recover its money if the house has to be sold to pay the loan. it is possible a bit confused....... son wil make? |
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You do not need to be a resident to buy a house. However, you need to establish residency after you move. Residency determines state taxes, voting privileges, driver's license, etc. ...You can get that back by showing them your lease contract. They should give it back as they technically did not mention that and then they could revise it. That sucks ***. ...I'm so sorry for your loss. I'm with the previous poster. Stick with what you have for now. Maybe rent out the house in central Fla to someone you know (and trust to pay you!!) for enou... I'd look at the possibilities in a risk/reward scenario. Sure, you could make a little bit of money if you buy a house, live there for 10 years and then move onto something different/better. ... No both are very poor choice right now. I do both, I have been doing home inspections for 4 years and appraisals for 5 years and my income has dropped by 50% in the last year. Yes it may be a buyer... Really, I'd have to know your entire situation. Were you late on any mortgage payments after your sister moved out? How long have you been living with family? Maybe they're telling you th... They would approach you If its every gonna happen. They know where they need and want them. ...i wouldn't touch anything without a contract. at present you have a lot with "service" (hydro, water, etc). the building in it's present condition..is"what it is" h... |
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