Any Info would be great

[Bish]

Has anyone here ever did a Home Equity Loan, through Capital One are any other place, they have a 4.3% fixed APR rate, needing to do some home repair and fix up stuff, just thought I'd test the waters before I do anything, let me here the pros and cons.

God Bless
Bish

[hunting270]

I have done three thru Randolph Brooks Federal Credit Union. Only problems I had was getting release of leans from some home repair companies such as siding. I just went to the county tax assessor and filed an affidavit and that worked out. You will have to borrow enough to pay off any leans on the house even if they own the lean. You will need a title deed and a whole bunch of other stuff that makes no sense. Good luck.

[wes122984]

i would opt for a home equity line of credit. more flexibility and if you ever need more, or need to access it again later you won't have to reapply.
typically they are open lines good to draw from for 10-15 years and 15-20 years after to repay back if you still owe after the draw period. variable rates or fixed rate (can lock several portions of what you owe into fixed rate or float it in the variable side) current variable rates can be below prime.
interest is typically tax deductible (check with tax advisor)
once you pay it back its back in your available balance (like a credit card)

no closing cost or fees at all. closing in as little as 15 days -access after the 3 day right to cancel after that.

[Boss Buck]

All the above is good advice.