Home equity loan vs. line of credit??

Answers:1   |   LastUpdateAt:2012-08-26 01:10:03  

Question
usha
Asked at 2012-08-23 11:50:03
Here is the status: MedlinePlus MedlinePlus MedlinePlus credit score 611 MedlinePlus Income of $ 3,400 a month ( but is under the table and goes up or down at times) MedlinePlus MedlinePlus my bank deposits are not the same every month , but is always some kind of deposits are made MedlinePlus MedlinePlus never paid a bill late MedlinePlus MedlinePlus score is lower because of high debt MedlinePlus MedlinePlus the owner of my house "free and transparent " , and appraisal $ 570,000 in California on ... 3-4 months ago ... MedlinePlus MedlinePlus MedlinePlus I want to get as less than $ 160,000 .. I need at least $ 100,000 to pay off all my student loans , cars , credit cards , etc , but would like more to get one of my cars fixed and make improvements to the home ( and have a small amount of " back- up" money ) . . MedlinePlus MedlinePlus I will qualify for anything ? and what is best in my situation , a line of credit or a home equity loan ? the bank can cut the checks to my creditors and I will close my account too (all my credit cards , except maybe one or two) so they know that I will not be back in debt .. What do you think ? MedlinePlus MedlinePlus and what is a good company to
Answer1DamonAnswered at 2012-08-26 01:10:03
If you are a first-time borrower of a home equity loan , it is imperative that you have a list of key questions you need to ask each and every lender . The answers to these questions will provide a valuable reference to base your comparisons . What
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