Posted on: 14th Jul, 2009 11:55 am
is there a waiting period to take a second, or home equity, home improvement loan out for new home purchases. I heard it was 6 months, which seems weird if I have repairs etc. that need done.
mrgoose
Welcoem to the forum
I do not think there is any wait period. It coudl vary from lender to lender and especially in this market
Good luck
Welcoem to the forum
I do not think there is any wait period. It coudl vary from lender to lender and especially in this market
Good luck
some lenders would give you a second mortgage at the same time you purchased, if you'd asked. there's no specific timeframe in which you can begin looking for a home equity loan or heloc.
mrgoose
One thign you need to have is equity in the house to get the second or HELOC
Good luck and feel free to ask
One thign you need to have is equity in the house to get the second or HELOC
Good luck and feel free to ask