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What must be a debt to income ratio to qualify for home equity loan? ?

July 2nd, 2010 |

Author: LoanSmart

What is a debt to income ratio to qualify for Home Equity Loan / Home Equity line of credit.

What if I go to mortgage brokers who have access to “B” type lenders at higher rates?

Thanks guys!

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Posted in Home Equity Loans |

Tags: Debt, debt to income ratio, Equity, equity line of credit, home, home equity line, home equity line of credit, home equity loan, income, Loan, Must, Qualify, ratio

One Response to “What must be a debt to income ratio to qualify for home equity loan? ?”

Kay says:

July 2, 2010 at 12:56 pm

Home Equity Loan and Home Equity Line of Credit are separate financing terms. Please remember, you don’t want Home Equity Line of Credit but want Home Equity Loan.
Debt to income ratio of 1 to 10 is the minimum requirements in most cases.

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