cash out: What Are Your Home Equity Options When You Have Poor Credit? - 03/26/19 12:10 PM
What Do Lenders Look For in Home Equity Applications?
If you're facing financial strain in your life, a home equity loan might be the answer to your credit issues. Not only does settling your high-interest debt with a low rate home equity loan cut down on your liability, but it diversifies your credit mix and can improve your credit score to boot.
While you may face higher interest rates and lower loan limits with a damaged credit profile, it doesn't necessarily¬†preclude you from obtaining financing. In most cases, home equity loans and HELOCs will still prove to be significantly cheaper than alternative sources of … (2 comments)

 
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ValuePenguin By LendingTree

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