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Mortgage Community Forums | Budgeting and Personal Finance | heloc

heloc

Posted on: 17th Jul, 2010 10:18 am
ok we built our own home and moved in oct it cost us 119 to build house is worth around 190. would like to finish deck and basement and pay off some charge cards any advice on options
welcome lisa_ma,

as far as i can understand, you've equity in your property. in that case, you can refinance the first loan and go for a cash out. the extra money that you receive from the new loan can be used to pay off the the debts that you have now.
adonis
Posted on: 19th Jul, 2010 12:30 am
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