You almost always need a new appraisal to get a HELOC. But the appraisal can actually work in your favor if your home’s value has gone up.
Author
Craig Berry
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Mortgage Resources
FHA loan credit score requirements: FHA for low-credit buyers
by Craig Berryby Craig BerryAn FHA loan is the go-to mortgage for low-credit home buyers. Learn about FHA loan credit score requirements and what you need to qualify.
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Mortgage Resources
How do fixed-rate mortgages work? Is a fixed-rate loan best?
by Craig Berryby Craig BerryLearn how fixed mortgage rates work and why a fixed-rate mortgage is the most popular type of home loan by far.