Can you take out a HELOC with any intrest only mortgages??
2007-01-10 11:26:28 · 3 answers · asked by westaygrindin 1 in Business & Finance ➔ Renting & Real Estate
No I dont have the loan yet.
2007-01-10 13:35:32 · update #1
Yes, as long as you have equity in the property, you can take out a second loan. 5/1 int only ARM usually require good credit, so if you have good credit, just about any lender will be willing to give you a HELOC, probably up to 100% of your homes value. If you like your current lender, try them!
2007-01-10 12:17:17 · answer #1 · answered by amy23 3 · 0⤊ 0⤋
Do you mean that the first mortgage you have now is an interest only or would the HELOC be interest only?
2007-01-10 12:22:11 · answer #2 · answered by sherockstn 4 · 1⤊ 0⤋
If you have equity in your property and you credit and income allow. I can help you get one, e-mail me if you're interested.
2007-01-10 12:11:13 · answer #3 · answered by HBSL621 3 · 0⤊ 0⤋