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How to borrow home equity quickly, according to experts [CBS News]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: CBS News
The challenge? Traditional home equity products take time to process. Home equity loans, home equity lines of credit (HELOCs) and cash-out refinances typically require two weeks to two months before funds become available. This timeline becomes problematic when you're facing a sudden job loss, unexpected medical bills or home repairs that can't wait. Fortunately, there are ways to expedite access to your home's equity, which lending professionals detail below. See how much home equity you'd be eligible to borrow here How to borrow home equity quickly, according to experts "The fastest way to access home equity is to prepare before you need it," emphasizes Joe Perveiler, senior vice president and home lending executive at PNC Bank. "Get pre-approved early and have key documents [such as] income verification and mortgage statements ready." With this proactive approach in mind, let's explore the expert-recommended strategies to secure your funds when time is of the essence: Show less Read more
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