You are able to apply for one right away, it depends on what terms you need and are looking for.
More info needed, but in general... most all HELOC lenders have a maximum Loan to Value that they will lend to .. typically 80% LTV, with maybe a few going to 85%-90%. If you have owned your home for more than 6 months, then there are no restrictions on when you can take out a HELOC.. Let me know if I can help.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893
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