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About Scott Killian www.SaveWithScott.com
Expertise
Texas Residential Real Estate needs in Tarrant County and the Mid-Cities area. Questions should involve buying or selling a home. Do you have a question about how your home is being marketed? How it is in the MLS? How is the price? How is the competition? Buying a home, what do I need to do to get started? How do I get pre-approved? Can you show me houses? Do I specialize in your area? How many homes has my agent sold before? Questions along this line are good things to ask. If you have a deed question or legal question, these type of questions need to be addressed to a real estate lawyer. I would be happy to recommend one if you like by just giving me a call at 817-703-1165. Please visit www.SaveWithScott.com for more information about my company, Scott Real Estate

Experience
Active and experienced Real Estate Broker in this area.

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Active Rain, Real Town, Bedford circulations

Education/Credentials
Real Estate Broker. Bachelors degree, E-Pro, recognized by Channel 8, Texas Realtors Magazine, TLC Moving Up Show, and many clients in this area.

Awards and Honors
Presidential Sales Cup for 5 years.
Please visit www.SaveWithScott.com to see more about my experience.

 
   

You are here:  Experts > Cities/Towns > Texas > Real Estate: Texas > Home equity loan

Topic: Real Estate: Texas



Expert: Scott Killian www.SaveWithScott.com
Date: 1/31/2008
Subject: Home equity loan

Question
I live in Houston, Texas and  purchased a house in 2004 and want to get a loan to fix my house. My balance is $122,000 and wanted to know if i qualify for a home equity loan ? What would my house need to be appraised for ? If not the equity loan, what other loan can i get?

Answer
You can get a home equity loan for up to 80% of the value of the house.  Now, that all means you have to owe less than 80% of the value.  They will loan the difference between what you owe and 80% value.  Sometimes that is nothing if you owe a lot on the property.  Your other choice is a signature loan.  Talk to you local bank branch as they will be able to help you.

Good luck,
Scott

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