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Thread: Equity lines of Credit, or Equity loans in here.

  1. #1
    Se Miro Locoooon! Regular Member Stang_1973's Avatar
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    Equity lines of Credit, or Equity loans in here.

    I currently have a house that was appraised at 60,000. It is not my homestead but would like to get either a line of credit or equity loan on it to grow my business. Has anyone on here dealt with anything like this or know of companies that do these types of loans?
    1973 Coupe:
    351 EFI roller swap(tuned by Ron Bell)
    CAI
    GT40 upper/lower
    Eddie performer RPM heads
    X303 cam
    hedman elite headers
    2.5" pypes full exhuast, X pipe, Violators
    Converted to AOD, edre racing 3500 stall, with Lentech street termintor Valve body and B&M Quicksilver ratchet shifter
    Grab a track front and rear suspension
    Converted to Power Front Disk brakes
    9" 3.50 Traktion lock
    "Clifford" -work truck
    '99 F250 PSD, stock turbo, ext cab, long bed, Bully Dog Switch.chip, AFE stage II CAI, guages, Converted to flatbed duallie

  2. #2
    LSS SOTM Coordinator Weilding the ban-stick proudly Agent Jones's Avatar
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    how much do you owe on the house. you can get a 80-95% LTV depending on your credit
    TUNED BY EAST COAST SUPERCHARGING
    AMERICAN RACING HEADERS - VARARAM INTAKE - BORLA EXHAUST - 3.42 GEARS

    LSS SOTM Coordinator

  3. #3
    Se Miro Locoooon! Regular Member Stang_1973's Avatar
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    I own the house 100%.

    the house is under my name, i have mediocre credit i beleive, but could have my partner (my dad) as a cosigner and he has great credit.
    1973 Coupe:
    351 EFI roller swap(tuned by Ron Bell)
    CAI
    GT40 upper/lower
    Eddie performer RPM heads
    X303 cam
    hedman elite headers
    2.5" pypes full exhuast, X pipe, Violators
    Converted to AOD, edre racing 3500 stall, with Lentech street termintor Valve body and B&M Quicksilver ratchet shifter
    Grab a track front and rear suspension
    Converted to Power Front Disk brakes
    9" 3.50 Traktion lock
    "Clifford" -work truck
    '99 F250 PSD, stock turbo, ext cab, long bed, Bully Dog Switch.chip, AFE stage II CAI, guages, Converted to flatbed duallie

  4. #4
    LSS SOTM Coordinator Weilding the ban-stick proudly Agent Jones's Avatar
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    oh well then your in perfect shape. just call any large bank or credit union and they will be able to put a lien on the home and give you credit. i think my job is offering prime MINUS .75% right now on home equities if i remember correctly
    TUNED BY EAST COAST SUPERCHARGING
    AMERICAN RACING HEADERS - VARARAM INTAKE - BORLA EXHAUST - 3.42 GEARS

    LSS SOTM Coordinator

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