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In 2007, when I had the house appraised, we celebrated at having built substantial equity.
The developer would also be required to make a substantial equity investment.
Consumers with substantial equity, high credit scores and documented income should be able to find conventional refinancing, he said.
The financing plan, with its favorable terms, is available to clients who have built up substantial equity in a home.
"I'm not comfortable with scientists' owning substantial equity in small firms that are sponsoring their clinical research," Dr. Blumenthal said.
Those who get the cash must be at least 62 and have substantial equity in their houses.
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Partners may have moderate to substantial equities in each.
If the owners of the business really controlled such a company, they could draw out not only the fifteen million in cash but another five million from bank loans, and still have a business in sound condition with substantial equities.
Defense Secretary Donald H. Rumsfeld, for one, has substantial private equity holdings.
If you have top-notch credit, substantial home equity and expect to stay in your home for several years, refinancing may make financial sense.
Wells Fargo itself has a substantial home equity portfolio, which today is an unsecured portfolio.
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CEO of Professional Science Editing for Scientists @ prosciediting.com