Where can I find the best loan rates for equity?
Written By: admin on May 28, 2009
2 Comments
My parents want to take out a loan and are asking me to do a small research. They need about 10-15,000 to do some work on their home. They have well over 150,000 dollars in equity, and decent credit, probably not the best though. What would be there best bet? Refinancing or second morgage, equity loan? Thanks!
Related Financial Planning Posts
Tags: best bet, equity loan, Loans, parents, refinancingTags: best bet, equity loan, parents, refinancing
right now should be an equity loan. You don't lose anything even if the market goes a small sour.
If your parents has a excellent relationship with their bank, they should go and talk to them first. Most will treat their excellent customer with an extremely excellent rate compared to others.
Besides, it would be from a bank you trust than some other people.
[...] here to read the rest: Where can I find the best loan rates for equity? | Financial PlanningSHARETHIS.addEntry({ title: “Where can I find the best loan rates for equity? | Financial Plotting”, [...]