Posted by kmac on February 01, 2004 at 22:57:17:
OOP you can get 100%+ LTV
Just remember that a HELOC of about 10K will take about $100 per month out of your cah flow until paid off.
Best use of equity - Posted by jason
Posted by jason on January 29, 2004 at 19:13:03:
I own a property worth 57,000 and the loan balance is 40,000. I would like to access this equity to purchase another property(use exist. equity to secure a note for a new property)or refi.(paying an arm & leg)and cash out the equity to invest in mobiles.
I would really appreciate any suggestions or thoughts on this.
I really want to start a mobile home biz and I’ll need this cash and I also want to move to a new house and rent my current home out with a nice positive cash flow.