Would I get more money doing a refinance or a home equity loan?
Wednesday, November 30th, 2011 at
7:01 pm
It is a rental property. The bank I am working with will give me only 50% the appraised value on a home equity loan. I guess this to be about ,000 (worth ,000).
I can get 100% on a home equity line of credit but not sure how much would this be? Do you know? What sounds better to you?
Tagged with: equity line of credit • home equity line • home equity line of credit • home equity loan • rental property
Filed under: Fixed Home Equity Loan
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You will not get 100% on a HELOC.
you won’t get 100% of a heloc nor will they give you one on a rental property. you need to reside in the dwelling.