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My home is paid off, I would like to get a mortgage to pay off higher interest home equity loan, can I do this

by charcummings66357 from , California. Aug 5th 2018 Reply


You can do it, no problem, do you know what LTV will your new loan be? Brokers have an issue if the loan amount is under 150k if it's lower than that, going to your bank that currently has the Home Equity is advised.

Aug 5th 2018
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Yes.. It's called a cash out refinance.. and it's done all the time.. i'd be glad to 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 / LendUS, NMLS 1938/ AZMB0121893

Aug 6th 2018
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