Financing in Los Angeles>Question Details

George, Other/Just Looking in California

What about Equity Line?

Asked by George, California Thu Mar 27, 2008

any body knows more details about a equity Line...???!?!?
my friend alsogave some information to an agent-such Dlicense, SSN and Bills ...
Can the agent go ahead and do the whole transaction without proper paper work and documents???

Help the community by answering this question:

Answers

3
Hello George,

No. The agent can't do the loan without proper paperwork. You would need to fill out a loan application. This is a document you would need to sign. It would also record and need to be signed by a notary by you.

Best,

Monique Carrabba
1 vote Thank Flag Link Thu Mar 27, 2008
In CA an agent can be a loan officer and a Realtor... Did the Realtor take out an equity line on there primary residence? Typically the agent does not get this type of information from a buyer/borrower, that is the loan officers job.
1 vote Thank Flag Link Thu Mar 27, 2008
Home equity lines are all full doc now... no dice....
Web Reference: http://getprequalified.com
0 votes Thank Flag Link Thu Mar 27, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer