Ok, I am not too understanding of everything dealing with home equity loans and refiancing. I really want to refinance my house and get cash (like $20,000) from my equity without having my house payment higher...first, I should ask if that's even a possibility. I talked to some company and a person said that isn't possible because it's like adding 20,000 to your loan, ok, I understand that but another company said my house payment wouldn't go up any. I am lost, if you cant get equity out without rasing your house payments, what's the difference from a home equity loan and a regular loan? And also any suggestions about how to go about what I want to do would be great, thank you!!!
2007-08-08
18:42:03
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2 answers
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asked by
Anonymous
in
Business & Finance
➔ Other - Business & Finance