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Author: Dwdonhoff Big gold star, 5000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127474  
Subject: Re: Home Equity half non-owner occupied Date: 2/13/2003 4:02 PM
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Hi Lydia,

Will a bank make an equity loan under the following scenario:
There are co-owners on the house title.
The first person, who is the applicant for the equity loan, lives in the house. The second person, who is the second name, or co-owner on the house title, does not live in the house. The second person will be the co-applicant on the home loan.


Short answer; SURE!

Longer answer; It's non-vanilla, so you'll be best served with a good mortgage broker.

Cheers,
Dave Donhoff
National Mortgage Broker/Banker
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