I own a 2 family house that I do not live in The house is valued at $209,000 and I have mortgage of $27,000 Is there anyone who offers HELOC
Answers (1)
FIRST ANSWER
HELOC?
Have you think about refinance into a 10 years term instead? Home Equity Line of credit ussually, not always are interest only, so you "will" never pay off the debt unless you start meking payments to the principal but minimun payment will be interest only.
Or if you get a second mortgage, go 10 or 15 years, so you pay it off fast and in reasonable payments.
What do you think about it? what is the cash for? home improvements? That is important too.
Didn’t find what you were looking for? Ask a question!
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
View all »
1 - 3 of 3
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback