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Yes, you can obtain a Home Equity Line of Credit (HELOC) even if there is a lien on your property, but it depends on the type of lien and your equity. Lenders typically require that you have sufficient equity in your home, which is the difference between your property's market value and the total amount of liens against it. If the existing lien is a first mortgage, you may still qualify for a HELOC as a second mortgage, provided your debt-to-income ratio and creditworthiness meet the lender's criteria. Always consult with a financial advisor or lender to understand your specific situation.
What else can I help you with?
Is density is a chemical property or physical property?
density is a physical property
Is reacts with oxygen a physical property or a chemical property?
If something reacts with oxygen that is a description of a chemical property.
What physical property that is brittle and dull?
Dullness is a physical property.
Is odorless gas a chemical property or a physical property?
Odor is a chemical property.
What property describes the ability of a substance to change into other substances?
chemical property.
How long does a mechanics lien last in South Carolina?
A mechanics lein is on the property and it can last till the property is sold or the lein is paid.
How are banks involved in short selling?
Short selling is a process by which property with a lein against it can be sold by the owner to recoup some, but not all, of the balance of the lein to the creditor. In this case, the banks involvement is usually that of the creditor who has placed a lein on the property.
how much is the tax lein?
how much is the lax lien on this property
How do you remove a credit card lein from your property?
how do I see cc leins on home
Can you legally rent a property that has a mechanics lien?
Sure, just ask the mechanic not to lein on it.
Do you have a lein on your property?
yes but I paid cash for my condo(association dues) , can it be foreclosed if so by who i don't have a mortgage
WHO IS LEIN HOLDER?
IS THERE A LEIN HOLDER
lein on my car?
lein on my car
who is the lein holder?
Who is the lein holder on this vehicle
What documents do you need for a Home Equity Line of Credit (HELOC)?
To apply for a Home Equity Line of Credit (HELOC), you typically need documents such as proof of income, credit score, property appraisal, mortgage statement, and identification.
how to find out if you have a tax lein?
how to find out if you have a tax lein
How do you spell lein?
The spelling LEIN is an acronym for the Law Enforcement Information Network.The common word may be:lien - a legal right to property for satisfying a debtlean - to tilt to one side, or an adjective meaning without much fat
