Posted on: 25th Jun, 2010 04:04 pm
i don't have a mortgage on my home. it is paid off in full. i don't own anyone any money. i would like to take another mortgage to refurbish the property. is that called a second mortgage? what kind of loan do i take to work on this property? it needs a lot of work!
You just need to either take a HELOC on your property, or you can get a 1st mortgage on it with cash out. It would be a 1st not a 2nd because you have none now. Speak to a mortgage broker in your area and they can explain the differences and help you determine which product will work best for you.
How I can write PM to other users? Thanx
Hi Updandilill,
You will have to join the community in order to send PM to other members participating in the community. You can check out the given page in order to join this community: http://www.mortgagefit.com/community/signup.php
Thanks
You will have to join the community in order to send PM to other members participating in the community. You can check out the given page in order to join this community: http://www.mortgagefit.com/community/signup.php
Thanks