Posts: 2865
Location: Brookfield, WI | Scott, typically a Home Equity loan is a line of credit. They'll want you to have the $10,000 line, doesn't mean you have to use $10,000. Interest is payed on what part of the line of credit you spend. Call Don Caveney @ U.S. Mortgage. (414-431-4111). Tell him Kevin Dunn told you to call. Tell him EXACTLY what you want to to do. He might not have a program for you as he does mostly first mortgages, but he'll tell you what your options are.
Don is a one man mortgage company. I've been dealing with these type of people for seventeen years, and he is the most honest and straightforward guy I have ever dealt with in mortgage lending. He got two guys I know that were having serious financial problems into loans, and he did not gouge the crap out of them in the process.
Oh, and tell him you know me from musky fishing. He's an outdoorsman himself.
Kevin |
