Zillow Advice RSS: Question-Discussion-Guide,Home Equity Loans,MI http://www.zillow.com/advice/MI/mortgage-home-equity-loans/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Question about home equity loan http://www.zillow.com/advice-thread/Question-about-home-equity-loan/606677/ We purchased our house a couple years ago for $250,000. &nbsp;We currently owe $229,000. &nbsp;The housing market has made a significant comeback and we've made improvements so our house is likely to appraise at least $300,000. &nbsp;We'd like to take out a home equity loan for an addition. &nbsp;I realize you can only take about 80% equity out but is there a minimum amount of equity we have to have in the house. &nbsp;For example we have about 70,000 in equity with the new value of the house, is that enough? &nbsp;Thanks in advance!<br \><br \>3 replies Tue, 06 Oct 2015 12:27:00 GMT http://www.zillow.com/advice-thread/Question-about-home-equity-loan/606677/ 2015-10-06T12:27:00Z NO APPRAISAL HOME EQUITY http://www.zillow.com/advice-thread/NO-APPRAISAL-HOME-EQUITY/551346/ I HAVE A HOUSE THAT IS PAID FOR IN FULL - THAT ACCORDING TO ZESTIMATE IS WORTH 42K - MY SEV (STATE EQUALIZED VALUE) IS ESTIMATED AT 24K - I WOULD LIKE TO PULL OUT SOME OF THE EQUITY TO COMPLETE RENOVATIONS TO MOVE IN - ROUGHLY WHATEVER I CAN GET BASED ON THE VALUE.<br/><br/>DOES ANYONE KNOW OF MORTGAGE COMPANIES WHO CAN TAILOR A LOAN FOR ME WITHOUT USE OF AN APPRAISER?&nbsp;<br \><br \>3 replies Fri, 25 Jul 2014 17:45:00 GMT http://www.zillow.com/advice-thread/NO-APPRAISAL-HOME-EQUITY/551346/ 2014-07-25T17:45:00Z Get a Construction Loan - Mortgage ? Construction Loans http://www.zillow.com/advice-thread/Get-a-Construction-Loan-Mortgage-Construction-Loans/538919/ <div>[Promotion removed by Zillow moderator. Please see our&nbsp;<a href="/howto/GoodNeighborPolicy.htm" title="Good Neighbor Policy" rel="nofollow" style="text-align: right;">Good Neighbor Policy</a>&nbsp;for information.]</div><br \><br \>0 replies Fri, 02 May 2014 13:56:00 GMT http://www.zillow.com/advice-thread/Get-a-Construction-Loan-Mortgage-Construction-Loans/538919/ 2014-05-02T13:56:00Z New Home, Low FICO, Can I get a Home Equity Loan? http://www.zillow.com/advice-thread/New-Home-Low-FICO-Can-I-get-a-Home-Equity-Loan/500866/ I bought a home outright about 4 months ago. &nbsp;My FICO score is in the low 500s. &nbsp;I'd like to do some home improvement/repairs. What are the chances that I'd be eligible for &nbsp;home equity loan?<br \><br \>5 replies Mon, 08 Jul 2013 17:35:00 GMT http://www.zillow.com/advice-thread/New-Home-Low-FICO-Can-I-get-a-Home-Equity-Loan/500866/ 2013-07-08T17:35:00Z Looking for HELOC or term loans on out of state investment properties ~25K each http://www.zillow.com/advice-thread/Looking-for-HELOC-or-term-loans-on-out-of-state-investment-properties-25K-each/509202/ Does anybody know who offers home equity lines of credit or term loans on investment properties that I own 100% in LLC names out of state? They are small dollar values ~25K each so they don't support the higher cost of traditional mortgages. I am in California and the houses are in Michigan.<br/><br/>Wells Fargo says sure if they are in your name and not LLC names<br/>First Merit says yes if you live in Michigan<br/><br/>Who else should I try?<br/><br/>Thanks,<br/>Luke<br/><br/><br/><br/>&nbsp;<br/>&nbsp;&nbsp;<br \><br \>5 replies Thu, 29 Aug 2013 20:41:00 GMT http://www.zillow.com/advice-thread/Looking-for-HELOC-or-term-loans-on-out-of-state-investment-properties-25K-each/509202/ 2013-08-29T20:41:00Z Lot next to us is for sale, what is the best option to purchase it, a loan or use home equity? http://www.zillow.com/advice-thread/Lot-next-to-us-is-for-sale-what-is-the-best-option-to-purchase-it-a-loan-or-use-home-equity/495430/ We just found out that the lot next to us is for sale and we want to buy it.&nbsp; This lot is not build-able so what is the best way to purchase this lot?<br \><br \>1 reply Tue, 04 Jun 2013 21:20:00 GMT http://www.zillow.com/advice-thread/Lot-next-to-us-is-for-sale-what-is-the-best-option-to-purchase-it-a-loan-or-use-home-equity/495430/ 2013-06-04T21:20:00Z $580k Purchase - Need 2nd up to 90% CLTV http://www.zillow.com/advice-thread/580k-Purchase-Need-2nd-up-to-90-CLTV/479258/ I am buying a $580,000 house.&nbsp; I have been approved for 1st and 2nd up to 85% CLTV.&nbsp; I would prefer a 2nd up to 90% CLTV.&nbsp; Does anyone have a product that can accomplish this?<br/><br/>FICO 700+<br/>AGI $300+<br \><br \>3 replies Tue, 19 Feb 2013 14:51:00 GMT http://www.zillow.com/advice-thread/580k-Purchase-Need-2nd-up-to-90-CLTV/479258/ 2013-02-19T14:51:00Z Do I have to own a property for a certain period of time before applying for an equity loan? http://www.zillow.com/advice-thread/Do-I-have-to-own-a-property-for-a-certain-period-of-time-before-applying-for-an-equity-loan/467660/ I bought a home outright in September 2012 but would like to fix it up for rental purposes.&nbsp; I would like to apply for a loan against the property.<br \><br \>1 reply Wed, 07 Nov 2012 19:19:00 GMT http://www.zillow.com/advice-thread/Do-I-have-to-own-a-property-for-a-certain-period-of-time-before-applying-for-an-equity-loan/467660/ 2012-11-07T19:19:00Z Our daughter has filed for divorce and left her home after a violent incident with her husband. She http://www.zillow.com/advice-thread/Our-daughter-has-filed-for-divorce-and-left-her-home-after-a-violent-incident-with-her-husband-She/449070/ 1 reply Sat, 30 Jun 2012 00:18:00 GMT http://www.zillow.com/advice-thread/Our-daughter-has-filed-for-divorce-and-left-her-home-after-a-violent-incident-with-her-husband-She/449070/ 2012-06-30T00:18:00Z i purchased home as an investment with cash, so there is no mortgage. Can I pull a Home Equity Loan http://www.zillow.com/advice-thread/i-purchased-home-as-an-investment-with-cash-so-there-is-no-mortgage-Can-I-pull-a-Home-Equity-Loan/432281/ My primary home has a mortgage, but is in negative equity so can not pull a loan or second mortgage.&nbsp; I have good credit score of 780 and very like debit.&nbsp; What loan to reinvest and bad off higher interest car loan.<br \><br \>2 replies Sat, 18 Feb 2012 07:55:00 GMT http://www.zillow.com/advice-thread/i-purchased-home-as-an-investment-with-cash-so-there-is-no-mortgage-Can-I-pull-a-Home-Equity-Loan/432281/ 2012-02-18T07:55:00Z I purchased a foreclosed property cash, I am unemployed and need money, is a Heloc my best option? http://www.zillow.com/advice-thread/I-purchased-a-foreclosed-property-cash-I-am-unemployed-and-need-money-is-a-Heloc-my-best-option/415771/ I have equity in a european property (about $170K) and a classic car (in the USA) that I could sell ($50K)&nbsp;if I had money to get it out of storage. Any suggestions?? My credit score is probably awful. Since returning to the USA (2010) after many years in Europe I have paid cash for my house, my vehicle, home remodelling etc. I am a us Citizen and I am actively seeking employment.<br \><br \>2 replies Thu, 15 Sep 2011 19:09:00 GMT http://www.zillow.com/advice-thread/I-purchased-a-foreclosed-property-cash-I-am-unemployed-and-need-money-is-a-Heloc-my-best-option/415771/ 2011-09-15T19:09:00Z Is my recently purchased with cash HUD home worth enough to get a HELOC? http://www.zillow.com/advice-thread/Is-my-recently-purchased-with-cash-HUD-home-worth-enough-to-get-a-HELOC/407832/ I recently purchased a HUD home in Taylor, Michigan with cash (no down, mortgage etc). And I desperately want to know if I can get a HELOC on it to bring it up to code and remodel it so we can begin to finally live in it (add family room, bed rooms, bathroom and enlarge the kitchen and living room, bring it up to code etc.)<br/>The address is 6442 Cooper St, Taylor MI 48180.<br/><br/>Would I be able to get a HELOC on it, how would I know the value of my home. Would I really need to get it appraised by parying over $300 first to even attempt getting a HELOC on it. Is their anyway I can figure out whether it is even worth the attempt for free? I don't want to lose that much money for nothing. Can anyone on here look at the information on Zillow or elsewhere by using my address to figure out whether I could even get a HELOC and up to how much money could I get?<br/><br/>Thanks in advance to any and all who reply...<br/><br \><br \>6 replies Mon, 18 Jul 2011 15:04:00 GMT http://www.zillow.com/advice-thread/Is-my-recently-purchased-with-cash-HUD-home-worth-enough-to-get-a-HELOC/407832/ 2011-07-18T15:04:00Z house free and clear looking to sale or first mortgage who do I contact in borrowing against equity http://www.zillow.com/advice-thread/house-free-and-clear-looking-to-sale-or-first-mortgage-who-do-I-contact-in-borrowing-against-equity/254943/ SEV for current year is 13500 represents half of market value? (T or F) I believe that figure omits home improvements totally 13000 made in 2008. How would I gain a <a href="http://www.zillow.com/mortgage/">loan</a> or <a href="http://www.zillow.com/home-equity-loan/">home equity</a> line of credit based upon a current evaluation<br \><br \>2 replies Sat, 11 Jul 2009 01:30:00 GMT http://www.zillow.com/advice-thread/house-free-and-clear-looking-to-sale-or-first-mortgage-who-do-I-contact-in-borrowing-against-equity/254943/ 2009-07-11T01:30:00Z Hey What the procedure of gettting a Home Equity Line of Credti to complete the repairs. http://www.zillow.com/advice-thread/Hey-What-the-procedure-of-gettting-a-Home-Equity-Line-of-Credti-to-complete-the-repairs/400158/ 4 replies Mon, 23 May 2011 23:05:00 GMT http://www.zillow.com/advice-thread/Hey-What-the-procedure-of-gettting-a-Home-Equity-Line-of-Credti-to-complete-the-repairs/400158/ 2011-05-23T23:05:00Z Is it possible to take a home equity loan on a land contract property? http://www.zillow.com/advice-thread/Is-it-possible-to-take-a-home-equity-loan-on-a-land-contract-property/373503/ LC Balance: $22k<br/><br/>Market value: $36k<br/><br/><br/>Credit score: 600<br \><br \>4 replies Tue, 02 Nov 2010 19:29:00 GMT http://www.zillow.com/advice-thread/Is-it-possible-to-take-a-home-equity-loan-on-a-land-contract-property/373503/ 2010-11-02T19:29:00Z Home Equity Line of Credit http://www.zillow.com/advice-thread/Home-Equity-Line-of-Credit/358195/ Does anyone know the minimum credit score average for obtaining a Line of Credit on a home that is paid off?<br \><br \>3 replies Sat, 17 Jul 2010 04:43:00 GMT http://www.zillow.com/advice-thread/Home-Equity-Line-of-Credit/358195/ 2010-07-17T04:43:00Z I did not get any quotes on my loan request (ZR-ZLRQZKB). Can someone help me figure out why? http://www.zillow.com/advice-thread/I-did-not-get-any-quotes-on-my-loan-request-ZR-ZLRQZKB-Can-someone-help-me-figure-out-why/320648/ why?<br \><br \>1 reply Mon, 01 Feb 2010 16:23:00 GMT http://www.zillow.com/advice-thread/I-did-not-get-any-quotes-on-my-loan-request-ZR-ZLRQZKB-Can-someone-help-me-figure-out-why/320648/ 2010-02-01T16:23:00Z