Syracuse Business Daily

What is required to borrow money from our equity of our home?

So what is required in order to borrow from equity of house? My mother is on the deed but what about if Im not on the deed of the house? Can we both or I still get the loan for 20K. Btw, we have 150K in equity and used for investments. How long does it take to get the money? Sorry I meant and will be used for investment to buy another property.

Public Comments

1. Did you say your equity is already used for investments? If there are loans outstanding, this will discourage lenders from extending another loan. If the house is not in your name, nobody should loan you money on it. Your mother could apply for a loan if she wishes to use her equity as collateral. The bank will be very interested in how you intend to pay the loan back. Grandpa
2. Your mother can use the house as security for a loan. Ask the bank if they accept a third party charge so that the loan can be in your name. Ask the bank when the loan can be released.
3. Good day, I am Richard a private loan lender, i give certified loans to serious minded individuals and company at an interest rate of 5% with total loan repayment allowed weekly monthly or yearly depending on how you can make repayments if interested email me at rj.microfinance@mail.mn .We only offer out in: Dollars,Pounds,Euro and Naira only.Apply with the following details:Name,Address,Cell number,Occupation,Monthly income,Loan amount needed&Duration. Email: rj.microfinance@mail.mn