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What do lenders look at in a home equity loan application?

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What do lenders look at in a home equity loan application?

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Lenders, especially those who offer non-conforming loans, generally look for a common-sense balance among several factors, including creditworthiness; sources of income; debt-to-income ratio; loan-to-value ratio; how the borrower plans to use the loan; and the borrower’s willingness to provide documentation.

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