Equity Questions - I am new
How much equity do I need in my home to pull cash out? is there a minimum? Does the equity have to include enough for interest payments? Thank you. by muzzy563 from Eden, Vermont. Oct 16th 2018
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Depends on what you are doing. Most stand along 2nd mortgage HELOC's (Home equity line of credit) will go up to 89.9% of today's value. FHA loans allow up to 85%, VA loans allow up to 100%
Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions
need to have more than 10% equity to have a chance to use a HELOC to access cash
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