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New Bankoh Home EquityLine Increase to Existing Bankoh Home EquityLine No Pleasetellushowmuchyou'dliketoborrow $ Minimum$10,000  Form

New Bankoh Home EquityLine Increase to Existing Bankoh Home EquityLine No Pleasetellushowmuchyou'dliketoborrow $ Minimum$10,000 Form

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Instructions and help about bankoh home equityline

so what you want to do now if you're looking to uh sell your house in the next couple years just go to your Credit Union open up a home equity line of credit and don't even use it a home equity line of credit kind of works like a credit card and the fact that you don't make a payment unless you have a balance so having the home equity line of credit on your house allows you to pull from that for a down payment if you need um so that you can buy a house before your other house sells um lots of people are worried that they won't be able to get enough equity or they want to put more money down after the house closes and that's okay talk to your lender um in lots of situations we can do what's called a recast so you would put a small amount down when you go to purchase the house from the home equity line of credit once your house sells you can take the lump sum that you have and apply it to the loan that the new loan that you got on a recast

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