RE Contract Question

Can I get a home equity loan if I buy on a Real Estate Contract? Thanks.
confused

Comments(2)

  • flainvestor20th July, 2003

    What's the value of the property how much are you putting down? You cant answer the question as it is written

  • JohnLocke20th July, 2003

    nmcurse,

    Glad to meet you.

    You would not be able to get a home equity loan when buying on a contract for sale or realty contract. You would need the original loan in your name.

    There are circumstances such as the seller owns the property free and clear and would allow you to get a loan on the property.

    Welcome on board this board, I presume that this anwered your question as best I could by reading in between the lines.

    John $Cash$ Locke

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