Zillow Advice RSS: Question-Discussion-Guide,Home Equity Loans,MA http://www.zillow.com/advice/MA/mortgage-home-equity-loans/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate Renovation Loan? http://www.zillow.com/advice-thread/Renovation-Loan/467941/ Here's the situation. Primary mortgage = $360k.&nbsp; Appraised value = $520k.&nbsp; Want to do a renovation project that would cost $250k and should raise the appraised value to around $800k.&nbsp; Total financing needs, therefore = $610k.&nbsp; One would think that there would be a way to get a loan based on what the value of the home would be at the end of the project.&nbsp; Contacted a major bank who seemed to have the right product, but they said that they were capped at providing no more than $460k total.&nbsp; <br/><br/>Any idea how I could get this done and with what financial institution?&nbsp; I have great credit, but my current LTV is 70%, so a standard home equity loan would only net me about $50k ($100k if someone goes to 90%).&nbsp; Thanks!<br \><br \>2 replies Fri, 09 Nov 2012 20:44:00 GMT http://www.zillow.com/advice-thread/Renovation-Loan/467941/ 2012-11-09T20:44:00Z Using a Home Equity Loan For a Downpayment http://www.zillow.com/advice-thread/Using-a-Home-Equity-Loan-For-a-Downpayment/462645/ You can use the equity in current home to purchase new home. Most lenders will still count current mortgage in your debt ratio because&nbsp;you need a two year rental history for it not to be counted. Also you will need six months reserves for both properties.(retirement funds can be counted as reserves). Meet with a local lender to review your options.<br \><br \>0 replies Thu, 04 Oct 2012 20:20:00 GMT http://www.zillow.com/advice-thread/Using-a-Home-Equity-Loan-For-a-Downpayment/462645/ 2012-10-04T20:20:00Z Can anyone recommend a lender who will give me a HELOC on an Investment Property? http://www.zillow.com/advice-thread/Can-anyone-recommend-a-lender-who-will-give-me-a-HELOC-on-an-Investment-Property/529650/ getting heloc on rental&nbsp; might be tought to locate ......possible&nbsp; option&nbsp; is to do a new first&nbsp; mortgage and&nbsp; pull cash out on new&nbsp; rental&nbsp; property&nbsp;&nbsp; cash out refinance<br \><br \>0 replies Sun, 23 Feb 2014 22:38:00 GMT http://www.zillow.com/advice-thread/Can-anyone-recommend-a-lender-who-will-give-me-a-HELOC-on-an-Investment-Property/529650/ 2014-02-23T22:38:00Z HELOC needed, exceeding the 43% limit on debt to income ratio http://www.zillow.com/advice-thread/HELOC-needed-exceeding-the-43-limit-on-debt-to-income-ratio/545237/ If your dealing with a Bank vs. a mortgage broker, you might be stuck with their limited selection of loan products with very restrictive guidelines.. brokers have access to numerous lenders, all offering a variety of lending programs...&nbsp; and the broker is experienced in seeking out the best loan terms for your exact scenario.&nbsp;&nbsp; There are options to help.. 45% to 47% LTV, ARM rates, Asset Depletion added as income, cash out first mortgage, etc, etc, etc.. get with a mortgage pro, not a bank teller, and you should find a way to make it happen. &nbsp; <!--[if gte mso 9]><xml> <m:mathPr> <m:mathFont m:val="Cambria Math"/> <m:brkBin m:val="before"/> <m:brkBinSub m:val="&#45;-"/> <m:smallFrac m:val="off"/> <m:dispDef/> <m:lMargin m:val="0"/> <m:rMargin m:val="0"/> <m:defJc m:val="centerGroup"/> <m:wrapIndent m:val="1440"/> <m:intLim m:val="subSup"/> <m:naryLim m:val="undOvr"/> </m:mathPr></w:WordDocument></xml><![endif]--> <p class="MsoNormal">Feel free to reach out to me via my profile if you have any additional questions or concerns.&nbsp;<strong><em>William J. Acres, Arizona's Mortgage Expert.</em></strong></p><!--[if gte mso 9]><xml> </xml><![endif]--><!--[if gte mso 10]><style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-style-parent:""; line-height:115%; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-fareast-font-family:"Times New Roman";}</style><![endif]--><br \><br \>0 replies Thu, 12 Jun 2014 22:11:00 GMT http://www.zillow.com/advice-thread/HELOC-needed-exceeding-the-43-limit-on-debt-to-income-ratio/545237/ 2014-06-12T22:11:00Z What can I do to get more (or better) quotes for my loan request ZR-KNCHRLP? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-KNCHRLP/482604/ Have you been to a lender yet?&nbsp; Or a mortgage broker?&nbsp; I would suggest that as the question is hard to answer on the limited information you provided.&nbsp; You say what you&nbsp; might make this year, but what did you make last year?&nbsp; Have you done your taxes yet?&nbsp; The lender will be better equipped to help you and will probably ask you those questions.&nbsp; Good luck.<br \><br \>0 replies Fri, 22 Mar 2013 02:29:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-KNCHRLP/482604/ 2013-03-22T02:29:00Z can i get a home equity loan to pay off my exsisting mortgage? http://www.zillow.com/advice-thread/can-i-get-a-home-equity-loan-to-pay-off-my-exsisting-mortgage/386939/ 5 replies Tue, 15 Feb 2011 18:54:00 GMT http://www.zillow.com/advice-thread/can-i-get-a-home-equity-loan-to-pay-off-my-exsisting-mortgage/386939/ 2011-02-15T18:54:00Z what mortgage companies use Zillow's zestimate for home value for home equity loan? http://www.zillow.com/advice-thread/what-mortgage-companies-use-Zillow%27s-zestimate-for-home-value-for-home-equity-loan/407033/ 3 replies Tue, 12 Jul 2011 13:50:00 GMT http://www.zillow.com/advice-thread/what-mortgage-companies-use-Zillow%27s-zestimate-for-home-value-for-home-equity-loan/407033/ 2011-07-12T13:50:00Z Can I get an equity line on a rental property? http://www.zillow.com/advice-thread/Can-I-get-an-equity-line-on-a-rental-property/503229/ I don't live in the property. The mortgage is $274,000. Its appraised at 450,000.<br/>Located in Waltham, MA.<br \><br \>5 replies Tue, 23 Jul 2013 18:16:00 GMT http://www.zillow.com/advice-thread/Can-I-get-an-equity-line-on-a-rental-property/503229/ 2013-07-23T18:16:00Z