How much money do you need to make to get a home equity loan of 60,000?
Written By: admin on December 2, 2009
4 Comments
I have a home worth 140,000 and I have paid it off, I want to get a home equty loan of 50-60k, I have a credit score of 773 but I only make 1600.00 per month can I get this kind of loan on my income.
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The loan should not depend on you income so much as the equity in the home. That is the collateral that guarantees the loan.
he’s right
do your research before signing anything
Know what your talking about when applying for a loan and your home
you could lose it
http://eloanonline.blogspot.com/
That sounds excessive. Its a huge loan when you only make $1600 a month. Use some of the on-line loan calculators to figure what your payments would be.