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Any one know of any Banks in the Charlotte area that will do an equity line up to 90% Combined Loan to Value.... Have a 1st mortgage at $200K and need a $70K HELOC...... House value is $300k...... Seems like all banks are at 80% CLTV now?????? Any suggestions
Absolutely not! What guarantee does the bank have that your house will sustain it's value. Based on what happened with the mortgage and housing industries, banks don't take such risks any longer.
Many banks don't do second mortgages at all any longer.
I think OP is yanking our chain. Then again, what do I know about buying houses with no money in the deal during the biggest housing crisis since the fall of the Roman Empire.
I think OP is yanking our chain. Then again, what do I know about buying houses with no money in the deal during the biggest housing crisis since the fall of the Roman Empire.
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