Financing in 60607 : Advice

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Riccardo War…, Real Estate Pro in Downers Grove, IL
Riccardo Wardlow answered:
Refinancing an underwater condo in Chicago, NOT qualified for HARP - any options?
It's going to be a daunting task. The banks don't want to help you out because of one simple reason. You're on time. Why would they lower the payment of someone who can obviously afford ... more
0 votes Share Flag Wed Apr 10, 2013 Financing in 60607
William Chu, Real Estate Pro in Downers Grove, IL
William Chu answered:
can home equity loan amount be used to pay off a portion of the principal for the primary residence?
Yes?

Your question indicates you want to use a home equity loan, HEL, to only pay down the first mortgage. A HEL in second lien position is usually a higher rate and shorter term l ... more
0 votes Share Flag Fri Oct 8, 2010 Financing in 60607
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