I am buying my first home with an FHA loan. ..
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Can I get a home equity loan with a first mortgage?
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on Tuesday, November 17th, 2009 at 4:42 am and is filed under FHA, FHA 203k, fha loan.
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A home equity loan allows for you to borrow off of the equity you have established in your home through appreciation and monthly mortgage payments without having to touch your first mortgage. This is why a home equity loan can also be known as a second mortgage. But before you go and start signing applications, shop around so you can find the best home equity loan rate out there. There are two types of home equity loans on the market that you have to choose from. ...