Comments on: When can I get a Home Equity Loan or HELOC? http://planning-financial.com/when-can-i-get-a-home-equity-loan-or-heloc/ We offer the most comprehensive information on financial planning to help for your financial planners. Check our selected financial planning guides and financial future reviews at our site. Sun, 21 Mar 2010 18:30:13 -0500 http://wordpress.org/?v=2.8 hourly 1 By: When can I get a Home Equity Loan or HELOC? :: Financial Planning « Taxes Property http://planning-financial.com/when-can-i-get-a-home-equity-loan-or-heloc/comment-page-1/#comment-3616 When can I get a Home Equity Loan or HELOC? :: Financial Planning « Taxes Property Mon, 22 Jun 2009 11:05:00 +0000 #comment-3616 [...] Read the res­t here: W­hen c­an I­ get a Ho­m­e Equi­ty Lo­an o­r HELO­C&#17... [...]

[...] Read the res­t here: W­hen c­an I­ get a Ho­m­e Equi­ty Lo­an o­r HELO­C&#17… [...]

]]> By: » When can I get a Home Equity Loan or HELOC? :: Financial Planning » Equity Loan Rates Online http://planning-financial.com/when-can-i-get-a-home-equity-loan-or-heloc/comment-page-1/#comment-3322 » When can I get a Home Equity Loan or HELOC? :: Financial Planning » Equity Loan Rates Online Fri, 19 Jun 2009 09:15:21 +0000 #comment-3322 [...] news by admin « Home equity loan: What to check before buying homes. Nevada Mortgage Refinance [...]

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]]> By: Amanda H http://planning-financial.com/when-can-i-get-a-home-equity-loan-or-heloc/comment-page-1/#comment-3282 Amanda H Fri, 19 Jun 2009 00:37:03 +0000 #comment-3282 There is no waiting period-- however its typically advised that you maintain 10-20% equity. Using up every dollar of equity is not a smart move-- selling a house costs up to 10%! So if you owe exactly what your house is worth, there's no way for you to sell and walk away from it. Also a loan up to the last dollar is higher risk and will carry higher interest rates. Talk to some lenders and see what their policies are-- some of the basic banks still expect you to maintain a certain percentage AFTER the HELOC.

There is no waiting period– but its typically advised that you maintain 10-20% equity. Using up every dollar of equity is not a smart go– selling a house costs up to 10%! So if you owe exactly what your house is worth, there's no way for you to sell and walk away from it.

Also a loan up to the last dollar is higher risk and will carry higher interest rates.

Talk to some lenders and see what their policies are– some of the basic banks still expect you to maintain a certain percentage AFTER the HELOC.

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