Home improvement loan

With that kind of equity position your have more than one option. You could do a HELOC as you suggest although it may be better to do either a conventional cash out refinance or a 203k (fha home improvement mortgage). Larry Lechel 260-348-7519 Blue Water Mortgage

You may have several options depending on your credit score. With good credit, you may be able to choose between a HELOC or a cash-out refinance. Other considerations also include the interest rate on your current loan, whether or not you live in the home or if it's a rental, etc.If you would like to chat with someone local, I'm in Valpo and would be more than happy to assist you in determining your options. I can be reached at scott@nwiloanguy.com or 219-695-0369.

Good morning Harris. Based on just the equity you believe you have you could do a home equity loan, a home equity line of credit or even a cash-out refinance. All three options would provide the cash; however, each option has it's pros and cons. In either of the loan options, beyond the credit qualifying aspect the condition of your home as-is could limit your options. Call my office and speak with a home loan specialist about your home loan options today. 219-662-0166

Hello, This is Michaele Thompson with Sagamore Home Mortgage in Indianapolis. I have another option for you other than a HELOC, 203K or a straight cash out refinance. Contact me for more information at mthompson@sagamoremtg.com or call me at 866-888-6099. We can weigh your options and determine which program best fits your scenario. I look forward to hearing from you. Make it a great day!

With your equity position you have a lot of options, really depends on how much flexibility you want or need. HELOC's you also need a higher credit score than some other programs. I would like to speak with you in more detail and get some more information from you. Feel free to contact me at 317-863-2355...Marten MannMain Street Financial, Indianapolismartenm@mainstreetfin.com

A HELOC is not your only option, but it's your best option... By applying for a HELOC, you apply once and have access to your money anytime you wish... and you don't have to re apply each time.. there are also First Lien HELOC's which are tied into your checking account. These type of HELOC's use the money you would regularly deposit into your checking account to lower your balance temporarily, which in turn, lowers your interest obligation. WilliamAcres.com

A Heloc will provide the greatest flexibility for you long-term & will have the lowest closing costs. The rate is variable however, so doing a cash-out refinance with a low fixed rate loan may be well worth spending a little extra in closing costs. Best of luck!

You definitely have more than one option. If you do have good credit you would want either a HELOC or a cash out refinance. There are other factors that need to be known to see which would be best for you. If you would like to discuss further contact us. Michelle & Benny 201-962-3555 TeamAmbassador@BestMortgageOption.com