Question:

How to file a quick home equity loan application?

Answer:

Submit a home equity loan application online for greatest speed. It is simple and quick, and within 1 to 3 business days you will be presented with a quote.

What info to provide on a home equity loan application?

  • Housing expenses, mortgage balance, PITI payments
  • Car and credit card payments
  • Property value and purchase date
  • Employment history and income

If you can't satisfy the debt to income ratio, or the employment requirement, try applying for a stated income home equity loan.

A stated income home equity loan is a great tool to reduce indebtedness. Interest is tax deductible within limits and your tax advisor will help you write it off.

However, due to current credit market conditions, stated income home equity loans may be difficult to find. Try submitting home equity loan applications on various websites to research local opportunities.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
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