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Can you refinance and pull out $$ AND take out a home equity loan??
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Rycois
Blessed with 2blue/2pink
Member since 12/05 13341 total posts
Name:
J
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Can you refinance and pull out $$ AND take out a home equity loan??
If our appraisal is low, we won't be able to pull out enough $$ to do the projects (dormering) we want on the house. Can we refinance and pull out $$ and take out a home equity loan in addition to doing that?
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Posted 5/11/09 2:11 PM  |
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Prudential Douglas Elliman Real Estate
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
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That Led To The Wrong Tendencies
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Re: Can you refinance and pull out $$ AND take out a home equity loan??
Posted by SweetCaroline
If our appraisal is low, we won't be able to pull out enough $$ to do the projects (dormering) we want on the house. Can we refinance and pull out $$ and take out a home equity loan in addition to doing that?
If your house is not going to appraise enough for the re-fi, it's going to be very difficult to get a HEL from a second bank.
If Bank A won't give you the loan-to-value number you want, Bank B probably won't either.
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| Posted 5/11/09 2:35 PM |
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