How loan should I wait before applying for a loan?
I just moved into my new house last month. I need serious money to pay off some debts like federal and state taxes and car notes. Should I wait 2 years before applying for a mortgage equity loan? by paulv563 from Madison, New York. Oct 17th 2022
Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions
yu can apply for a heloc anytime ....if you have been in home for under 6 months - many heloc lenders will likely use the lesser of the price you paid for the home or the appraiseed value ....ask the lenders you are considering ...also - most heloc lenders are wanting to see you have 15% or more of equity position ...also - many heloc lenders might have an issue with approving a heloc if its too pay past tax liens
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
There is no waiting period...
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