Can you change a home equity loan to a personal loan?

July 31st, 2009 | by admin |
Jessica B asked:


My brother-in-law took out a home equity loan and he went to refinance his house and for whatever reason the house did not appraise for what it needed to partly because of the home equity loan that he already had. He was told to pay off his home equity loan and come back to refinance his house. Is there anyway that he can change his home equity loan to a personal loan? Or would that even help? please help. thanks.

Alfred
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    1. 3 Responses to “Can you change a home equity loan to a personal loan?”

    2. By frak1a12345 on Aug 4, 2009 | Reply

      The home equity loan you would have to change low risk signature only personal loan you would not help.
      The home equity loan it is no way to change low risk secured home equity loan it is no there is not good idea and then pay off the home equity loan.

    3. By David M on Aug 7, 2009 | Reply

      An unsecured la will have rate of higher attached to it based on what youre saying the brotherinlaw has enough debt already.
      The brotherinlaw has enough debt already.

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