Hi cclan,Does anyone know of a lender that will let us do a home equity line or a 2nd when we have a Negative Am on our first mortgage?First off, since you have a neg-am loan you can, in essence, borrow a smidgen at your existing 1st rate each month. Are you sure you need a bigger chunk right away?If the answer is yes, you may definitely be better off refinancing the whole mess now, since rates are so sexxy, and getting your cash-out with a better rate & term scenario.Lastly... if you just MUST stack a 2nd behind a neg-am, YES, there are lenders... but it ain't pretty, and they don't go very high on Loan-To-Value... so don't build up your hopes too much.Need more specific help, post back with more details and I'll dig up what I can for you.Cheers,Dave DonhoffLic. Mortgage Broker
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra