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Old 10-01-2007, 12:51 AM
joetaxpayer
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Default Re: Home equity loan

Alpha83 wrote:
- quote -

> A friend of mine recently lost his job - he owns a home and it has
> some equity on it. Can he apply now for a home equity loan and tap
> into that for some cash or is this possible only if you have a job.


It depends on his credit rating (FICO score), amount of equity in the
house, and bank he chooses.

This is why the advice here is often repeated: To line up the HELOC
while things are good. It's easy to get credit when you don't need it.
JOE

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Old 09-30-2007, 11:06 PM
Alpha83
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Default Home equity loan

A friend of mine recently lost his job - he owns a home and it has
some equity on it. Can he apply now for a home equity loan and tap
into that for some cash or is this possible only if you have a job.

 

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equity, home, loan
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