A friend just asked me to borrow money to pay her mortgage this month- she plans to take out a home equity loan to pay me back. She has only owned her house for two years, and I assume she would have only put 20% down. Will the bank allow her to borrow against that 20% or would it only be any appreciation in excess.
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Do You Need To Have More Than 20% Home Equity To Borrow Against For A Home Equity Loan?
Saturday, May 23rd, 2009If You Filed For Bankruptcy 8 Years Ago Can You Take Out A Home Equity Loan?
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