2007-03-08 07:59:57 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
The best way is a home equity line of credit (HELOC).
You have the credit available if you need it, but if you don't, you never have to actually borrow anything.
2007-03-12 08:02:09 · answer #1 · answered by jeepdrivr 4 · 0⤊ 0⤋
Call up any bank or mortgage broker and talk to them about your needs. If you only need a little bit of money, an equity loan might be best, as they have little to no closing costs and are quick and simple to set up.
If you need a large chunk of money, getting a normal first mortgage might be more appropriate, giving you the lowest rates and longest terms to repay the debt.
Talk to a few different banks and brokers, even a credit union or two. Everything depends on how much you need, when you need it, and how long it would take you to pay that money back.
2007-03-08 08:26:27 · answer #2 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
Hmmm... How did you get to fully own a house without knowing something like that?
Stop by just about bank and ask for a line of credit.
2007-03-08 08:17:58 · answer #3 · answered by Ernie 4 · 0⤊ 0⤋
Simple, just go to your bank and tell them you'd like to take out a loan for X amount against the value of your home. Then they'll get an apprasial done to see if the home is worth what you are asking and make sure that there are not other liens against the home.
2007-03-08 08:09:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Home equity line of credit is the most flexible answer.
2007-03-09 03:52:45 · answer #5 · answered by Quixotic 3 · 0⤊ 0⤋
take a second on the house depending on how much you need i wouldn't ref then you will be starting all over again find a reputable company
2007-03-08 08:05:05 · answer #6 · answered by kitty 6 · 0⤊ 0⤋