Update your property before seeking an equity loan, By Home Equity Loans.

Updating your property as much as you can do yourself or for free from freinds and relatives can sometimes puts you in a situation where your property value may increase slightly just from doing it yourself: fixing, painting, upgrades etc. Before applying for a home equity loan, get an expert to come in and show you what is easily fixable on your own. Fix any appliance or a/c unit yourself or via a respected local contractor to do the work. Then when the appraiser comes out and sees your house in it’s newly current condition, your chances of receiving a higher appraisal increase slightly. You have to spend to make …   yeah yeah yeah. Let’s be real. Banks and lenders are still taking there own sweet time with approvals, with insiders speculating these Banks and LEnders are seeking only the higher tiered credit. Which might not make sense as credit lines on credit were cut by the credit card companys, essentially leaving consumers with higher debt to available credit ration. So for the consumer who had a limit of $4,000 and a balance of $2,000 UNTIL his credit card company lowered his credit limt by $1,500, leaving him with only $500 available for credit.

Home Equity Loans are essentially lines of credit, or vice versa, credit cards are ultimately personal loans. Read more on our home equity loan page

1. Jeremy Maez Says:
   March 9th, 2010 at 8:01 am

   Hi, Very interesting article. I am quite impressed and just wanted to let you know that you did a fine job on this article. However, I do have some unanswered questions that I would like to ask you. I will contact you via email so that you can clear some of these things up for me. Again, very well written article. Keep up the good work.