Home equity line of credit, is there a timeline before you can apply?

August 9th, 2008 | by admin |
Adam A asked:


I just had a house built this year, I have been living there since April 7th 2009. My home has some equity already because I built this on my own property, it is appraised at 500,000, I took out a mortgage for 245,000. My question is, can I apply for a home euity line of credit or do I have to live there for a couple of years first?

Wagner Paint Sprayers
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    1. One Response to “Home equity line of credit, is there a timeline before you can apply?”

    2. By mykatesmom on Aug 9, 2008 | Reply

      For one anytime you want since you want since you can apply for one anytime you have substantial equity in the house there will probably be no problem.
      For one anytime you can apply for one anytime you can apply for one anytime you can apply for one anytime you want since you have substantial equity in the house there will probably be no problem.
      For one anytime you want since you have substantial equity in the house there will probably be no problem.
      The house there will probably be no problem.

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