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re: Bank recs for HELOC- New Orleans

Posted on 2/17/14 at 3:06 pm to
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35706 posts
Posted on 2/17/14 at 3:06 pm to
quote:

Thanks

One more comment, I only recently purchased my house in September. Would a bank need another appraisal?

My mortgage is only 72% of appraised value.


Your loan hasn't seasoned for even 6 months yet. Your options might be limited and yes, a lender is going to require an appraisal.
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