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Does a home equity line of credit count against your equity when refinancing? |
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Yes, if you have used any of the credit available to you. For example, if you have used $10,000 of a $20,000 line of credit then you have to add that $10K to the balance of the total owed on the property.
First answer by anonymous. Last edit by Ray Hadorn. Question popularity: 146 [recommend question]
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Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Loans > Mortgages > Home Equity and Refinancing > Does a home equity line of credit count against your equity when refinancing?
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Home equity line? What is equity in a home? Refinancing a home equity line? How does equity impact refinancing? Home equity line of credit an asset? Having two mortgages can you get equity line of credit? How can you get a line of credit from your parents equity? You just bought a manufactured home on permanent foundation that has 13000 in equity already can you cash in on my equity? Can debt from a home equity line count against your home equity when refinancing your home?
