Can a person get a home equity loan on a house while they are trying to purchase it if the appraisal allows ?

kerry f asked: I am wandering about purchasing a home which the apprasial is $110,000 but I can buy it for $60,000. I am wandering if I can borrow the 60K and and then get a home equity loan for 25K for improvements to the property?

Is a home equity loan easier to get if your credit is not that great?

“g” asked: I want to do some improvements in my house and I think a home equity loan will be the best thing for me….Suggestions anyone….

August 18, 2008 • Tags: , • Posted in: Credit • 3 Comments