I have been staying in New Jersey for the last five years, and I own a house here. I worked as a customer service representative for a private enterprise and left the job a few months before. Now, I’m planning to move to New York since my little sister got admission in a residential college. As we are alone, I am forced to accompany her to New York. And, there I need to set up a new place to stay for myself. I have a plan to start a new business since it is not easy to find a new job.
The monetary expenses of initiating a business are quite huge and it is a hard task for me. So, I have decided to apply for a home equity loan. I think it is easier to obtain a home equity loan than a traditional business loan. Home equity loan interest rates are low, and terms may be more flexible. I found a few financial service providers offering home equity loans with affordable rates in New Jersey. I need one with generous credit limits, at least up to 80% of my home’s appraised value. Can anyone help me with this?