can you get an equity loan if you have a quit deed to the property

jamesedwardharris


one you do quit cliam deed, you donto have any ownership of that property


You will not be able to get equity loan

Good luck and feel free to ask

Hi james,

If you've already quitclaimed the property to someone else, then you won't be able to take a loan on that property. This is because you are no longer the owner of the property. The lender will not allow you to take a loan on a property which you do not own.

Thanks