- A home equity loan is a loan where you borrow funds and provide your home as security for the loan.
- You can apply for a personal loan and a home equity loan but depending on the circumstances they will be grouped into one loan.
- The following are our documentary requirements:
- A bank statement showing your last 90 days of banking transactions
- Copies of two (2) months of your most recent pay stubs
- Copies of three (3) pieces of government-issued identification (One (1) with photo and signature)
- Updated mortgage statements
- An updated property tax statement
- To be considered for a home equity loan and be considered a homeowner, you or your spouse must be the registered owners of the home that you live in.
- We are very flexible at AAR Financial, and many different factors go into approving a loan, not just your credit score. Our approvals are unique and we welcome you to apply