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Stated Income Home Equity Loan

August 22, 2009 by admin 

Stated Income Home Equity Loan
If you have trouble gathering the appropriate documents needed to get a loan then you should apply for a stated income home equity loan. Stated income loans are very useful because you don’t need to provide documentation proving your income; you just have to state your income.

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Personal loans do not have a tax deduction for interest paid, and have a higher interest rate but often have lower fees.

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