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When your house is paid in full, you have one advantage in getting an equity loan. However, depending on your specific credit and income situation, lenders might not extend the loan to you. Understand.
3 Best Providers of Home Equity Loans for Bad Credit – · Although being turned down for a loan due to bad credit can be frustrating, it’s important to understand the bank’s perspective, too. After all, you probably wouldn’t lend money to someone with a history of not repaying their debts – why should the bank? Lenders need to.