equity loan payments – home

June 14, 2010

Can I get an Equity Loan when there are No Mortgages (i.e.100% equity)?

Robin Banks asked:


I inherited a home from my parent’s estate that I have 1/3 ownership. I would like to buy out my sister and brother, and there are No Mortgages on the home. It seems I should be able to get an equity loan or line of credit to purchase their 2/3 interests. Can anyone help me?

Matthew
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