HELOC, etc.
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Thread created 09-11-2012 by crazygrow
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How long do you think it will take you to pay off the loan?
HELOC, etc.
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Thread created 09-11-2012 by crazygrow
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I've seen advertisements for as high as 130% of value. I don't think you will have any problem getting a loan or HELOC assuming your credit and income support it.
HELOC, etc.
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Thread created 09-11-2012 by crazygrow
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So I currently have two houses - one due to the meltdown that is rented and we are either slightly underwater or breakeven. The rent covers the payments + $100.
Our primary home is currently in...
HELOC, etc.
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Thread created 09-11-2012 by crazygrow
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Well, we have the cash to do it front, but I'd rather hold the cash. I'd prefer a five year time frame (maybe longer if the interest rate is good enough).
HELOC, etc.
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Thread created 09-11-2012 by crazygrow
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Not sure if they would or not, but why don't you call one up and ask? Probably a lot easier than waiting on an answer here..
:)
HELOC, etc.
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Thread created 09-11-2012 by crazygrow
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Thanks. I know CU's often have more flexibility, but are they willing to loan if it takes you above 80% LTV?
HELOC, etc.
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Thread created 09-11-2012 by crazygrow
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Look into a HEC (home equity loan) from a credit union instead. Your rate will be fixed instead of floating.
HELOC, etc.
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Thread created 09-11-2012 by crazygrow
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Do any one know that how to get HELOC during unemployee?
HELOC, etc.
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Thread created 09-11-2012 by crazygrow
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8 Replies
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Lie??