Wednesday, September 28, 2011

what is considered when applying for a Home equity line of credit ...

Credit score? Income requirements? Equity limits? Etc.?
I am closing next week. The current value is 145k. But after I complete the repairs, the appraised value will be around 210-220k based on prevous sales, comps etc. If I ask for and recieve a appraisal that says this, will the bank look at this number or the old 145k number in determining the equity?

Source: http://bestfinancesolutions.com/credit/loans-credit/what-is-considered-when-applying-for-a-home-equity-line-of-credit/

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