No. of Recommendations: 0
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.

Dave Donhoff
National Mortgage Broker/Banker
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.