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Is it possible to secure a mortgage on a home owned free and clear?

  • April 07 2013 - Durham
  • 0
    0Yes

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Answers (4)

Yes it is, talk to a reputable lender in your area to see what option is best for you.
  • April 08 2013
  • 1Yes

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HELOC or cash out re fi. Owner Occupied makes it much easier.
  • April 07 2013
  • 0Yes

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Yes, it is similar to a re-fi.  Talk with your bank, credit union or a local mortgage lender.  I would recommend talking to at least 2-3 and have them pull credit within 1 week of one another so it doesnt affect your score. 

However, you would have to have no leins on the property (Or pay them off), be the legal owner and still qualify for a mortgage.  


Good luck.
  • April 07 2013
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Of course. Go talk to a couple bank loan officers and ask questions.
  • April 07 2013
  • 0Yes

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