If you could wish yourself somewhere else, you would. Bills are mounting, the roof is leaking, and you’re in the middle of the worst rainy season in recent memory. For the moment, however, you’re pressed for time and strapped for cash, and there’s not much you can do about these. Then, out of the blue, a lender shoves a mouth-watering offer at you, in the form of a no equity home loan. Salvation, you think.
Before you jump in and take as much as the lender can give, take the time to mull over this question: is a no home equity loan truly the answer to your financing needs? There is a big gulf of difference between drawing on the value of your home when you get a equity home loan and exceeding this value. If you are tempted to consider a Home Equity Loan be sure to review it completely and understand the requirements, the costs of the loan and interest charges, and the legal issues that might be part of this loan. Do not let the “strings attached” to this type of loan cause more problems than just the repair of your roof.
Contact Kingsport Roofing Pros for up to date information about the best water prevention problems in Kingsport area at 423-205-6675.
Kingsport Roofing Pros