Posted on: 28th May, 2014 02:09 pm
my mother died and left the house to 4 of us well everybody's dead and gone so how can i get a home equity loan to do repairs and rent the property out ,i live in alabama
Home equity loans are a lot more difficult to get these days. In fact, some lenders will not allow you to do this if there is no other mortgage on the property. You may end up having to refinance the property as a second home....pulling out only the money you need for your repairs.