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Is it possible to tap entire equity to take out a second mortgage or for cash-out refinance?

Date: Wed, 09/06/2017 17:47
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Is it possible to take out a second mortgage or opting for cash-out refinancing tapping the entire equity on the home?




Years ago, you could tap 100% equity on your home. Nowadays, most lenders would allow you to tap 80% to 90% equity on your home.

Sub: #1 posted on Thu, 09/07/2017 - 03:03

SC SC
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It's not possible today my friend. Now, as SC said earlier, lenders would allow you to use only 80% to 90% equity on your home.

Sub: #2 posted on Thu, 09/07/2017 - 04:43

tiarajoseph11 tiarajoseph11

(Posts: 330 | Credits: 45.4)

Remember, by tapping the equity in your home you'll be increasing your monthly mortgage payments. Also, there is a chance to lose your primary home to foreclosure.

Sub: #3 posted on Thu, 09/07/2017 - 05:36

sanderspatricia29 sanderspatricia29

(Posts: 713 | Credits: 73.21)

Remember, by tapping the equity in your home you'll be increasing your monthly mortgage payments. Also, there is a chance to lose your primary home to foreclosure.

Sub: #4 posted on Thu, 09/07/2017 - 05:37

sanderspatricia29 sanderspatricia29

(Posts: 713 | Credits: 73.21)

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