What kinds of loans would we be eligible for?
everafter325 asked:
My husband and I bought a small house two years ago and now we have our daughter and it is just too small. We would like to add on to the back and add a second story. We have about $6,000 in equity so a home equity loan is out of the question. Is a second mortgage a possibility? Are there any other loans that I should be looking into?
My husband and I bought a small house two years ago and now we have our daughter and it is just too small. We would like to add on to the back and add a second story. We have about $6,000 in equity so a home equity loan is out of the question. Is a second mortgage a possibility? Are there any other loans that I should be looking into?
Thanks!
Tags: Home Equity Loan, Loans, Second Mortgage
December 15th, 2009 at 1:42 pm
Sorry to burst your bubble, but a 2nd mortgage and a home equity line are essentially the same thing.