I want to Open a Equity Line Of Credit Account,How Do i Open It?
WHAT ARE THE STEPS I NEED TO TAKE TO OPEN A EQUITY LINE OF CREDIT ACCOUNT I DON'T HAVE A MORTGAGE ACCOUNT .NEITHER DO I OWNS A HOUSE.BUT I NEED MORE ENLIGHTENMENT ON HOW TO GO THROUGH IT ALL.
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- Start by calling your current mortgage company's refinance division. Also, call a few other major lenders like Wells Fargo, Bank of America, Washington Mutual. Also contact a few local mortgage brokers. You'll most likely need to apply just like any other mortgage application and they'll probably not want to lend more than 80% of your homes value.
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