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I JUST BOUGH A HOUSE 8 MONTHS AGO, HOW LONG I HAD TO WAIT TO GET AN EQUITY LOAN ?

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September 19 2009 - Chicago
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Profile picture for Mortgagejaw
Depending on the market your house is in and what lender you go with. Thanks for the question!
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October 01 2009
Profile picture for Mortgagegal3
It doesn't matter how long you have owned the home, it is how much it is worth now versus what your balance is.  Although most lenders will only go as much as 90% of your appraised value minus what your balance is is the amount you could borrow.
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September 23 2009
Profile picture for LUXURY HOME LOANS CA
Or, made 12 payments with enough equity to meet gidelines. ..... Best wishes, Rudi
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September 19 2009
you have to wait till you have equity.
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September 19 2009
 

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