Posted by Barry (FL) on July 21, 2004 at 22:20:00:
I just refied a property we owned for 3 months paid cash refied with Wachovia on an equity line at prime. They will go to 90% of appraised value, stated for 100k or less. Over 100k they will need some documentation.
FYI, Not stating your correct application status is a RESPA violation. Thanks but no thanks. If you tell anyone about the other house and they do your loan, then they are guilty and could lose their license and/or be fined. Not to say it isn’t done probably everyday but, 1 HELOC shouldn’t be worth a shot at anyone losing their license. Good luck!