Is it possible to take out a home equity loan of the exact amount of my house?
Date: Thu, 03/28/2019 - 18:09
Is it possible to take out a home equity loan of the exact amount of my house? I have paid back about 90% of my home loan. I have checked the documents.
Yes, you can do that. You can
Yes, you can do that. You can borrow the exact amount of your house. However, some lenders limit equity borrowing to only 80% of the loan-to-value ratio.