Do You Qualify for a Home Equity Loan?
When you apply for a home equity loan, lenders consider your creditworthiness when deciding whether or not to extend a loan. Your creditworthiness is assessed based on three things: credit history, income, and loan-to-value ratio.Credit HistoryAs with any loan, your credit history will have a major effect on home equity loan availability and loan interest rates. Fortunately, qualifying for fi