Attn. Mortgage lenders:...?
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We already have a home equity loan that we bought down the interest rate on, so we don't want to lose that rate. But now we need more equity out of the house, is there any way to do that and not lose those fees and interst rate from the home equity loan we already have?
Attn. Mortgage lenders:...?What is the interest rate on your home equity loan right now? But really, you will have to refinance your existing 2nd mortgage. Interest rates are still very good, if you have good credit and your home has appreciated to the point where taking some equity out of your home is no big deal. For example, if you have $100K equity in your home and need $20K, you can get good rates. We offer free, no obligation refinance loan quotes, if you are interested.
Attn. Mortgage lenders:...?Depends on the position (1st, 2nd) that your HELOC is in and the value of your home.
Assuming your in 2nd position on your current HEL, the bank will most likely want to be in 2nd position at least which means refinancing the whole 2nd into one if you have enough equity.
You'll have to find a favorable interest rate with one loan (2nd) or get one 80% loan that will cover all you owe...again depending on the apprasied value of the home.
Attn. Mortgage lenders:...?I may be able to help, just shoot me an email to msmith@premierloangroup.com, and we'll see what we can do!
Marty
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