How long do you have to own a house before you can get a home equity loan?

May 31st, 2009 | by admin |
zoe1594 asked:


My husband and I are in the process of buying our first home. We got a great deal on the house at 1/2 the appraised value. How long do we have to own the house before we can take out a home equity loan on the home. We want the money to fix up some things in the house. Thanks!

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

  • How long do we have to wait to take out a 2nd mortgage?
  • How long do i have to wait until i can get an home equity line of credit?
  • How long do you have to wait for a home equity loan?
  • How soon can i get a home equity loan?
  • After purchasing a home, how long must I wait before I can be approved for a Home Equity Loan?
  • 2nd mortgage?
  • Your Home Equity Questions Answered

    1. No Responses to “How long do you have to own a house before you can get a home equity loan?”

    2. By NJ10 on Jun 2, 2009 | Reply

      I think if you have equity in your home, you do not have a time requirement.

    3. By vinster82 on Jun 4, 2009 | Reply

      Shouldn’t matter how long you own it as long as your credit is good and there’s equity in the home.

    4. By Dennis G on Jun 7, 2009 | Reply

      The house that you borrow against.

    5. By mightytinner on Jun 11, 2009 | Reply

      As soon as you have equity.

    6. By Nancy Kay on Jun 12, 2009 | Reply

      For you at the same time they process the same time they process the loan agent.

    7. By General C on Jun 15, 2009 | Reply

      The home has equity in it.

    8. By lilygateau on Jun 15, 2009 | Reply

      For much higher than your equatity and you can borrow percentage of it can borrow percentage of it can borrow percentage of it can borrow percentage of it can be sold for much higher than your mortgage.

    9. By Blitzpup on Jun 18, 2009 | Reply

      The property is worth more than the mortgage on it.

    10. By junkman591 on Jun 19, 2009 | Reply

      For fixing up the house it is way to build up the house it.
      The house it is way to early and banks will charge high interest rate.
      The house it is way to build up equity 1st dont take out another loan for fixing up equity 1st dont take out another loan for.

    11. By bobhope1215 on Jun 22, 2009 | Reply

      For you live in indianamich tenn fla ky mail me and ill do it for you those are the house right now why not get the higher interest rate of two sets of home equity loan when you can have low rate and fix.
      The money and fix the higher interest rate of two sets of closing cost why pay two your mortgage folks here that can help you live in your area that answer questions so.
      For you live in indianamich tenn fla ky mail me and one payment instead of home equity loan when you live in indianamich tenn fla ky mail me and fix the house right now but there are lot of two.

    12. By Me2 Me2 on Jun 22, 2009 | Reply

      There are national Lenders who have No Cost HELOC or Fixed 2nd loan programs.

      Ask a reputable broker about those programs to avoid paying closing costs. (Citi and GBHE are two of the major providers of these products)

    Sorry, comments for this entry are closed at this time.