Home » Home Equity Loan

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.

Related Posts

Tags:

Digg this!Add to del.icio.us!Stumble this!Add to Techorati!Share on Facebook!Seed Newsvine!Reddit!Add to Yahoo!

Top incoming search terms for this post

4 Responses to “How much money do you need to make to get a home equity loan of 60,000?”

  1. juanmoorebeer on: 2 December 2009 at 2:48 pm

    The loan should not depend on you income so much as the equity in the home. That is the collateral that guarantees the loan.

  2. mishpocha on: 2 December 2009 at 2:48 pm

    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

  3. Moviezshowtime M on: 2 December 2009 at 2:48 pm
  4. bud68 on: 2 December 2009 at 2:48 pm

    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.

  Copyright ©2009 Loan Tags, All rights reserved.| Powered by WordPress| Gandhi theme by Techblissonline.com