Why home equity loans are scarce

Maple Grove, MN. Basement Finishing.

Because of recent changes in the lending industry, it’s getting harder to get a home equity loan. Even if you have equity, good income and a great credit score. Getting a home equity loan or line of credit may be impossible in some areas.

“Homeowners in such equity-rich states as New York, Hawaii, Massachusetts, Connecticut and Rhode Island, to name the top five according to CoreLogic, are in a much better position to get a home equity loan or line of credit.”

Read full article: Why a home equity loan is hard to get 

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 Maple Grove, MN. Basement Finishing.