# How much equity would you need to refinance?

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There is no requirement for the amount of equity in your home in order to refinance. You can get mortgages for 100% of the value of your home if you are willing to pay a higher interest rate. SOmetimes this makes sense if you really need the money and have no other source for the funds. The things to consider are how much of the total value of your house is your new loan amount going to be? In other words, are you trying to get a loan for more or less than 80% of the appraised value of your house? If it is more, a standard Fannie Mae loan would require you to carry PMI on the mortgage. Next would be closing costs and escrows. A refi could cost you many thousands of dollars depending on the value of your house and the amount of the mortgage. So when you are calculating the loan to value on the new mortgage, and you are planning to roll in the closing costs into the new loan, don't forget to include this amount. Another option would be a home equity line of credit. These loans can be obtained to 95% of 100% of the value of the house depending on your credit and income scenario. Answer Lenders typically require you to have a 90% loan-to-value ratio if you want to refinance. They also want to see that your home has increased in value. Most lenders won't refinance your home if it's significantly losing money.
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# How do you know how much equity you have left if you refinance and take a home equity line of credit at the same time?

Answer . \nYou add the two loans together and subtract them from the appraised value of the\nhouse. This will give the dollar amount of equity left.\n. \nAdding the 2 lo

# If you bought a house last year and it has decreased 15k in value and you need to refinance next year because your interest rate will no longer be fixed how can you refinance with no equity?

It is possible to refinance "out of equity" and take a loan that is more than the home is worth in certain cases. I don't recommend this option. If you were forced to sell you

# Can you refinance a foreclosure with 0 equity?

Answer . No, this would be nearly impossible. Because the loan is in foreclosure, the homeowners' credit is typically very low, so they will not qualify for a traditional m

# Refinance or equity line of credit?

Answer . Refinance with a set rate is best. A home equity line of credit is very similar to a credit card. I don't know the specifics as to how interest is charged or at w

# Can you refinance with no job but a lot of equity?

Answer . You typicaly can't refinance without any source of income. Lenders will bot borrow to those who dont have the capacity to repay the debt.

# Can you refinance a home with no equity?

No you are not likely to be able to refinance a home with no equity. Unfortunately, this is exactly the situation that homeowners are finding themselves in right now leaving t

# How do you Refinance home equity loan?

If you have a 1st mortgage you can roll the two together into one low rate....like 30 yrs at 4.5% with no money down depending on your value of your property....but you can as

No, you should keep the equity in your home

# Can your refinance if you don't have the equity in the house?

It may be possible to refinance your home if you do not have equity. I have done many of these loans. There are currently programs for both Freddie Mac and Fannie Mae that wil

# What would increase the need for external equity?

a reduction in corporate profits

# How much equity do you need in a home in order to get a home equity loan?

Home equity loans enablehomeowners to get cash out of the equity in their home. As Homeowners pay downtheir mortgage, they build equity; equity is also built as a home's value

# Why would someone need an equity line of credit?

Equity line of credit is typically used in reference to a home loan. The amount of money paid into your home is your equity. With a home equity line of credit, it acts like a
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# Can you refinance a house with negative equity?

At times yes. The new HARP program currently allows refinances on properties up to 125% of their value. After March of 2012 once FNMA and Freddie Mac have updated their automa
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# How much refined iron do you need for a macerator in tekkit?

For a standard macerator, you need 9 refined iron ingots.
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# What would one need to apply for a fixed equity loan?

One can apply for a fixed equity loan at most financial institutions and lending agencies. Some of these include Nationwide, Wells Fargo, Chase and Capital Direct. These opt
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# What types of home refinance loans are available for no equity needed?

The types of home refinance loans available will depend on the lender and on the borrowers credit history. A borrower with a great credit history will be able to qualify for
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# What are the advantages of equity refinance?

Some advantages of using equity to refinance is that one can take a small amount from their equity to pay off other bills or to refinance ones mortgage. One can also use ones