Transfere of equity - Posted by kw

Posted by jeff on July 22, 2002 at 17:39:33:

theres a couple different options. you can either refi the house and get an equity line of credit for your 100K or you can take out a second mortgage without the refi. both of these involve a second mortgage on your current property.

Transfere of equity - Posted by kw

Posted by kw on July 22, 2002 at 15:47:47:

I am currently having problems selling a house that has recently been remapped into a flood plain (Foundation only on a slab ). We are selling in order to build. We have $100,000 in equity in the house. Can and how would we utilize a transfer of equity, rent our current house and build? Any comments and recomendations and examples would be helpful.

Thanks in advance

kw