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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

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?

Posted 5/11/09 2:11 PM
 
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ave1024
I Took The Wrong Road

Member since 12/07

6153 total posts

Name:
That Led To The Wrong Tendencies

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.

Posted 5/11/09 2:35 PM
 
 

Potentially Related Topics:

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How long do you need to be in a house to refinance/get a home equity loan? btrflygrl 10/13/06 22 Home
Question about paying down a home equity loan JerseyMamaOf3 3/26/07 10 Home
i have a question re: home equity loan raken40 3/7/07 3 Home
Has anyone ever done a Home Equity Loan? CaseyGirl 6/13/06 9 Home
HELOC vs Home Equity Loan BabyAvocado 5/9/06 9 Home
PMI/Home Equity Loan? nrthshgrl 4/10/06 9 Home
 
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