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What companies give home equity loans to people with bad credit to fix the bad credit?
I have a poor credit score, but owe very little on my house. I have lots of equity and would like to eliminate the bad debt with a home equity loan. What reputable companies can help?

What exactly is a home equity loan?
How does this work? Is it the same as a second mortgage? I live in Vancouver and my property value has gone up in the last ten yrs. I would like to get the increase and use to pay off my credit cards.

Would I get more money doing a refinance or a home equity loan?
It is a rental property. The bank I am working with will give me only 50 % the appraised value on a home equity loan. I guess this to be about $25,000 worth $50,000 .I can get 100 % on a home equity line of credit but not sure how much would this be? Do you know? What sounds better to you?

Do we have a good chance of getting a home equity loan?
I know we're pretty poor, but we're both young and starting out.. plus we live in Tennessee and things are a LOT cheaper here than in a lot of places. Anyways, my husband and I have a 100,000 house. it's 2 bedrooms. Im currently still in college so I don't have an income right now. My husband makes 30k a year. we have 2 sons so we're wanting to add a master bed and bath to the house. My dad builds houses for a living and can add it onto the house for 25,000. We're wanting to get a home equity loan for this... do you think that with our home and income that they would give us one? thanks for your answers..oh sorry... we own our house completely. Do not owe anything on it and we have pretty much... no.. credit.. neither of us even own a credit card... never make car payments because we own our cars..

Opinions on a situation with a home equity loan on an estate?
I am the executrix of my father's estate. His estate is his house, which is to be divided up between myself, my sister, and my father's second wife they were together for 30 years but only married at the last minute, which makes no difference, but that's the deal . His second wife also lives in the house, but it was owned solely by my father.There is a $40K home equity loan out on the house. Obviously that will come straight off the top of the proceeds from the house sale and be repaid at closing. I have no questions about that, but my question is this I suspect that the bulk of the cash that my father took out of the loan is sitting in his checking account, which he left to his wife. He had planned to remodel his basement but never got to do it. I recently asked her where the money from this loan went, and while she had been cooperative all along, she suddenly told me that it was none of my business, that if she will only show a paper trail to a lawyer at the lawyer's request and that there isn't any reason anyone should be asking about that.As executrix I'm aware that I could obtain all sorts of information on my own, since I also have power of attorney. Since this loan is going to be repaid directly upon closing, my concern is not about repayment, since that is a given, but that my sister and I are taking a hit for a loan when she has the money from the loan in her checking account and refuses to part with it. I understand this is a personal issue, not a legal one but I'm just wondering how other people would approach this.Thanks for your opinions.

Can I get a bit of advice on Home Equity loans?
Here is the deal, I just got married 67 days ago. I have paid off my house and it is valued at 116k. My wife has 1 car payment and I have none. My credit is not too good due to a medical bill and I sit at 640, and my wife's is 660. We are both working on building our credit back up . I was thinking on getting into Rental homes. But that market is dominated by cash only sales in order to make a good buck. Would I be able to get a mortgage on my home say for 15 20k or so I can buy and flip one of these properties? Will my bad credit score stop my chances? I have all my money in my home and this is where I sit.No not the DP, there are quite a few homes that sell for 14 18K cash money, people fix them up enough to sell them for 30 50K or they fix them and rent them out.

Just wondering if I can get this home equity loan or not.?
I live in Tennessee and compared to most of the U.S, the price of living is very low. That is why I only need 25,000 to add a new master bed room and bathroom onto our house to make room for another baby. Anyways, my house is valued at about 115,000 and I owe nothing on it. My husband's income is 32,000 a year. We have no other loans. No credit though because we do not own credit cards. Planing on getting a 4 and 1 2 year loan to pay it back. Just didn't know if we would qualify for this kind of home equity loan or not. . .we bought our house in cash we were left in inheritance. I don't know if taxes count as credit or not. I'll have to look into it.

Home equity loan lender or benchmark lender?
i wouldn't understand i wanted to get an home equity loan but i had some saying benchmark lender are this two the same

Can i get a home equity loan on a home that I own if I don't own the land?
What are the stipulations to getting a home equity loan if the land belongs to someone else?

Is it a bad idea to switch credit card companies right before applying for a home equity loan?
I need to switch credit cards due to my variable rate going up, however, I'm looking at a home equity loan within the next month. Would the credit card switch affect my equity loan?I ended up calling my bank. They said it was best to get the loan first.I don't need a lecture about credit card debt. My only credit card debt is from grad school classes, which is being paid back from my work. I just have to wait a semester to get it back. My wife and I both have a credit score of 750 .

Home equity loan foreclosure question (Please! Serious respectful answers only)?
So the short of it. We have two home equity loans. One for a certain equity amount and the other for what was left in home equity to borrow against. We're in the rears on the first HEL but fully up to date on the second. We've worked like hell to pay both in due time however the second loan monthly payment amount was easier to come by. Now we get a letter saying the full past due balance is due or Wells Fargo could pursue foreclosure remedy. Question is, can WF pursue foreclosure on the same house which is borrowed against on the second up to date loan? If they foreclose on the first loan, the house and the second loan that's fully up to date seems to me to remove the house that guaranteed that second loan from the picture. HELP? I don't want to be homeless. And I've grown gray hairs trying to make ends meet on two loans taken out for expenses that were unavoidable. Thank you for serious respectful informative answers.Additional detail thanks to Steve2 . The second lien holder is the same as the first. Wells Fargo. How does that alter the circumstance you mention? Thank you for your insight thus far. Additional I know we are said to be eligible for a " Modification" . However, in researching that on line, for what it's worth from varied sources there, we were led to believe that may not be in our best interest. We presently owe 92, 500.00 rounded out . The house is said, via last drive by appraisal yes, WF does that amazingly and from across the road 75,000. I don't know if that meant that appraisal , done when we were going for the second HEL, reflects what what is left in value of the home after the first loan, is what they're referring to. How do I find a councilor to help me out that is credible? Are there credentials I should ask for? In the present state of the economy and with all the foreclosures going on, I don't want to be a victim of a predatory type company claiming to be dedicated to such pursuits, without knowing what to look for so as to find a credible honest councilor. Thank you all for your assistance. I don't want to be home

Home equity loan or refinance?
I have a free and clear second home, which is rented out. I need to get out money $200K to pay off another property. Is it better to refinance or to get an equity loan if the rate is the same? The term 15 years.