Equity Loan to improve this home???Hello Zellow.. I paid cash for my childhood home (from parents) and now I have absolutely no equity (or credit) This home was built in 1958 and has no exterior wall insulation, and still has the original "Stucco" exterior on the outter walls.. Not to mention, this home also has the old 1958 wiring as well... (old two wire romex and also a extra copper ground wire that runs through the walls) All the outlets are old, and only able to handle a "Two Prong" plug... The house has been upgraded long ago with 220, and up-to-date breaker box.. I know this home needs new wiring throughout, and also the exterior walls need to be insulated.. (Cieling/attic was insullated long ago with R-19 fiberglass insulation) Since I boaght this home from my parents, and have the actual "DEED" in my name now, I still have no equity, nor do I have any credit.. (eveything I own, is paid off...I like it that way) How can I get an equity loan so I can re-wire, insulate, and re-side this old home??? Thanks in advance.. This house used to be worth $375,000 on your "Zestimate" before the housing breakdown.. Now, I feel it's only worth maybe $75,000 now (as is) if that??? Thanks for any input... This is a 1200 Square Foot home, with 1 & 1/2 bath, 3 BR, Front Room, 2 car garage.. (new 30 year roof) Still has the original 3/4 inch toungue-in-groove hard wood floors under the carpet.. I believe the plot is 60 foot wide, and 90 foot deep.. 95822 (Corrilla Gardens, South Sacramento, CA.) Thanks SteveAugust 31 2012 - Sacramento00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.