Find us elsewhere
Join Now Member Login

Family Guaranteed Home equity loan

 
New Topic
Post Reply
Follow Topic
Page of 1
  • Author
  • Message
 
AceMan

posts: 3

Feb 27, 2009 12:36 AM ET    Quote  Report Abuse
Points: 0   Vote
I have a family member that is willing to guarantee a loan for me off the equity of their house to get me the money to help start my business.  Does anyone out there know of any banks that do family guaranteed equity loans for this?
patentandtrademark

posts: 1332

Feb 28, 2009 2:47 PM ET    Quote  Report Abuse
Points: 0   Vote
I would guess that a cosigner with enough collateral could help get a loan for just about anything.

-------------------------

James Lindon, Ph.D. Patent Attorney
Lindon & Lindon, LLC
Cleveland, Ohio
Patents, Trademarks, Copyrights, Pharmacy Law, Litigation
[this is not legal advice - provided for discussion only]
Intellectual Property for the Individual and Small Business: Identify, Protect, Enforce, Defend.
"Fools rush in where angels fear to tread."
http://www.LindonLaw.com
robertj

posts: 1458

Feb 28, 2009 2:59 PM ET    Quote  Report Abuse
Points: 0   Vote

Is this question related to the franchise you want to open?

Usually, the franchiser has financing "partners" to help with the purchase. Have you explored this avenue?

If you`re looking for some private lending sources - send me a PM or contact me directly using robert@bizgrowthmasters.com  and I`ll give you a couple of viable contacts.



-------------------------

Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com


rickymik

posts: 14

Apr 11, 2012 5:23 AM ET    Quote  Report Abuse
Points: 1   Vote
Nearly 40 % of all home owners don't know if the interest on hel-home value loans is tax insurance deductible. One third of home owners earning $50,000 or more believe the interest on equity loans isn't tax deductible or they just don't know if it is tax deductible.


-------------------------

Thanks
Ricky Mik
All about Home Mortgage
Oct 25, 2012 8:22 AM ET    Quote  Report Abuse
Points: 0   Vote

Some homeowners prefer lump-sum home equity loans because of their stability. A home equity loan comes with a fixed interest rate, one that never changes over life of the loan.

quick cash



-------------------------

Page of 1
Post Reply
 
.
Advertisement

Keep the Community Clean!

  • StartupNation forums should be used as a platform to learn, educate others, share stories, tips & tricks and to provide constructive feedback.
  • Please do not use the Forums for advertising & blatant self-promotion.
  • Please be respectful to other members and refrain from personal attacks and vulgar language.
  • StartupNation reserves the right to delete any message, reply, and/or member who violates our terms of use.
Read full terms of use
Advertisement
Advertisement
Advertisement
Advertisement