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Is it possible to get a home equity line of credit these days?

Started by goose
almost 17 years ago
Posts: 29
Member since: May 2008
Discussion about
If so, under what circumstances?
Response by hypnotik
almost 17 years ago
Posts: 40
Member since: Jan 2009

I think you'd have to significant equity in your home, probably 50% . Expect an appraisal to be mandatory.

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Response by uppereast
almost 17 years ago
Posts: 342
Member since: Nov 2008

I got on our summer home. It was easier than what I thought. And the rates are obviously great right now.

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Response by lk917
almost 17 years ago
Posts: 23
Member since: Jan 2009

just did one on a co-op, yes needed an appraisal but TD bank (NY) did it for 80% ltv, nice and easy

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Response by uppereast
almost 17 years ago
Posts: 342
Member since: Nov 2008

I am surprised your coop let you do it.

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