Wednesday, September 17, 2014

With a home equity loan do banks traditionally ask for a down payment (for the lack of a better phrase)?

if my house is paid for and im asking for less than my house is worth, will i need up front monies? I didnt need a mortgage loan to buy my home so I do not know if my home is the only collateral i would need… Generally speaking.

Read more: With a home equity loan do banks traditionally ask for a down payment (for the lack of a better phrase)?