Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 1 decade ago

how long does it take to get a home equity loan?

like if we go to the bank tomorrow and get the paper work and send it out Wesndy when should we get it? for 3000$? it would be in Massachusetts

9 Answers

Relevance
  • Ryan M
    Lv 7
    1 decade ago
    Favorite Answer

    Depends on the policies and procedures of the individual bank. Most banks have Loan Committee meetings weekly, bi-weekly, or monthly to make those decisions. If the meetings are held on Wednesdays, you might have to wait a week or two.

    • Commenter avatarLogin to reply the answers
  • Anonymous
    5 years ago

    This Site Might Help You.

    RE:

    how long does it take to get a home equity loan?

    like if we go to the bank tomorrow and get the paper work and send it out Wesndy when should we get it? for 3000$? it would be in Massachusetts

    Source(s): long home equity loan: https://bitly.im/DmM5S
    • Commenter avatarLogin to reply the answers
  • Anonymous
    6 years ago

    Pretty sure that you must find every financial solution at: financial-care.info-

    RE How long does it take to get a home equity loan?

    like if we go to the bank tomorrow and get the paper work and send it out Wesndy when should we get it? for 3000$? it would be in Massachusetts

    • Commenter avatarLogin to reply the answers
  • 1 decade ago

    If you are a first time borrower of a home equity loan it is imperative that you have a checklist of essential questions that you need to ask each and every lender. The answers to these questions will provide a valuable reference to base your comparisons on. What’s the interest rate? Knowing this is crucial. The interest rate will determinethe monthly payment you will need to make. You also need to know if the interest rate is of a fixed or adjustable nature. Fixed rate implies that the monthly payments will remain constant, while an adjustable rate implies that rates will fluctuate depending on market conditions.

    http://www.worldbestloans.com/

    In adjustable rate, when will rates change? If your interest rate on the home equity loan is of the adjustable variety, you need to know three things: when the rate is going to change (that is under what conditions), how frequently will the rate change and what’s the average percentage by which the adjustable rate will change. What is the Annual Percentage Rate or APR? The APR on the home equity loan will determine the yearly payment you will need to make towards this.The higher the payment in terms of points, the lower is the interest rate.

    • Commenter avatarLogin to reply the answers
  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    4 years ago

    For Finance and credit solutions I always recommend this site where you can find all the solutions. http://SMARTFINANCESOLUTIONS.NET/index.html?src=sn...

    RE :How long does it take to get a home equity loan?

    like if we go to the bank tomorrow and get the paper work and send it out Wesndy when should we get it? for 3000$? it would be in Massachusetts

    Follow 7 answers

    Source(s): For Finance and credit solutions I always recommend this site where you can find all the solutions. http://SMARTFINANCESOLUTIONS.NET/index.html?src=sn...
    • Commenter avatarLogin to reply the answers
  • 1 decade ago

    It depends on where you apply for your loan at and there criteria. Ask at several different places what there turn over time is. Also have the loan amount deducted from your bank account so your loan will be paid on time and easier for you. Best Wishes.

    Source(s): Real Estate Tycoon and Investor
    • Commenter avatarLogin to reply the answers
  • Anonymous
    1 decade ago

    The main delay will probably be getting the appraisal back in. They will want to make sure that you have sufficient equity to back the loan. Other than that, it should be pretty quick.

    • Commenter avatarLogin to reply the answers
  • 4 years ago

    I'm curious as well

    • Commenter avatarLogin to reply the answers
  • ginger
    Lv 4
    4 years ago

    Thank you all for your answers and opinions!

    • Commenter avatarLogin to reply the answers
Still have questions? Get your answers by asking now.