Posted on: 23rd Dec, 2010 11:55 am
I don't understand what a surplus home loan is. Can you please help understand? My lender want to offer this to me. Would this be a good chose?
Thank you so much
Candy
Thank you so much
Candy
hi sillyme,
well... to tell you the truth, i haven't heard of "surplus home loan". do you mean a heloc (home equity line of credit)? if it's heloc, then it will be a second mortgage on your property. you should contact your lender and ask him to clarify the matter.
thanks
well... to tell you the truth, i haven't heard of "surplus home loan". do you mean a heloc (home equity line of credit)? if it's heloc, then it will be a second mortgage on your property. you should contact your lender and ask him to clarify the matter.
thanks