I do not want to sell! I want to know how much equity value we have? I know equity value is les than a sale value?

Asked by Hlmcmm1, Catalina, AZ Thu May 12, 2011

14x70 mobile w/ 660 sq. ft. guest house. 12x24 tool shed on 1 ac. est. sale value is 110,00.00. based on this as correct how much is our equity value?

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Don Tepper, Agent, Burke, VA
Fri Jun 10, 2011
Based on your initial question, you have $110,000 in equity.

Based on your additional information, you have $100,000 in equity.
0 votes
, ,
Fri Jun 10, 2011
I recently learned that National Bank of Arizona will do a home equity loan on a MH, assuming it is fully affixed. They may go up to 70% of it's current value, which does require an appraisal that they need to initiate. You can call 520 616 0102 to get more information.
0 votes
Hlmcmm1, Home Owner, Catalina, AZ
Thu May 12, 2011
My property is free and clear. based on a value of 100,000.00. How much could I borrow on a home equity loan? 14x70 mobile w/ 660 sq. ft. guest house on 1 ac.
0 votes
Shanna Rogers, Agent, Murrieta, CA
Thu May 12, 2011
Hi Hlmcmm1,

To calculate the equity you have, take the market value and deduct the amount you owe.

Shanna Rogers
SR Realty
http://www.RealtyBySR.com
0 votes
Dallas Texas, Agent, Dallas, TN
Thu May 12, 2011
You can contact an appraiser who can assist you

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes
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