Can I get a home equity loan from a bank to pay off a high interest fixed rate home equity loan from another bank?
Certainly, unless you have a state law prohibiting it. That isn't likely, because even when home equity loans are restricted by law, you are replacing one with another. The questions you need to answer with a lender are whether or not you qualify for their product and how the value of your property will support your debt.
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Certainly, unless you have a state law prohibiting it. That isn't likely, because even when home equity loans are restricted by law, you are replacing one with another. The questions you need to answer with a lender are whether or not you qualify for their product and how the value of your property will support your debt.
