Anonymous asked:
I’m trying to get a home equity loan and I’m worried about there being closing costs. I got apporved for one so far but they are asking for 10% closing costs. I know my credit is a little shot and that’s why I want the loan to help clean it up a bit and to help me get back on my feet, but just how much does my credit hurt me when it comes to me getting and equity loan when I’m securing something as precious as my home and can my credit also be the reason for the closing costs?
Equity Loans
I’m trying to get a home equity loan and I’m worried about there being closing costs. I got apporved for one so far but they are asking for 10% closing costs. I know my credit is a little shot and that’s why I want the loan to help clean it up a bit and to help me get back on my feet, but just how much does my credit hurt me when it comes to me getting and equity loan when I’m securing something as precious as my home and can my credit also be the reason for the closing costs?
Equity Loans