Refinance and HELOC?
We just completed a refinance on our property, to get a lower rate. We have a great credit score, will this refinance affect our chances at obtaining a home equity line of credit by tanya9382 from Miami, Florida. Sep 2nd 2010
Lee Eisenberg (Lee@Lemort.com)
#80 ranked lender in Florida - 6 contributions
Getting a Home Equity Line of Credit will depend on your current equity in your home, credit scores and income. Refinancing to a better rate and lower payment won't impact your chances of getting a Home Equity Line of Credit (HELOC).
Crestico Funding (CresticoFunding)
#316 ranked lender in California - 340 contributions
Tanya, Lee said it the best, now you just have to have enough equity left in your property and be able to provide Income/Assets to obtain the new HELOC you are looking for.
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