is there anywhere i can get a home equity loan with bad credit?
Written By: admin on May 30, 2009
One Comment
my boyfriend and i have terrible credit but we own a ,000 home with no mortgage. the house is paid for. we were looking into getting a home equity loan to pay some back bills off and do home improvements. is there anywhere that we could get a loan even with terrible credit?
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Tags: bad credit, Home Equity, home equity loan, home improvements, mortgageTags: bad credit, home equity loan, home improvements, mortgage
Then why do you want to place the house at risk by using it as an ATM machine?
You DO NOT save any money paying off bills with the house…all you do is take unsecured debt and turn it into secured debt.
Having a free and clear home is one of the most vital assets a person can have.
Please work an extra job or something to save up money for what you want to spend money on. I would highly, highly recommend that you not go that route, especially when you aren't even married…b/c marriage gives you LEGAL protections that you simply do not have, when you are living together.