Need advice to take an equity loan!

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Need advice to take an equity loan!

Postby kellysteve on October 22nd, 2008, 11:32 am

Hi everybody, I stay in the Pennsylvania area and I am in need of an equity real estate loan and cannot decide that whether a bank or a credit union will be more beneficial. I have checked the rates for some but I do feel a need to know from other people about their preferences so that I can decide on a better scale.

Any help will be appreciated.
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Re: Need advice to take an equity loan!

Postby Rupert on April 17th, 2009, 4:43 pm

Your minimum monthly payment is probably just the interest, which in your case would be $217. You would then owe the entire principal ($26,000) in five years.





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