MoneyWisdom Blog

Home Equity FAQs - Do you require an appraisal for Home Equity?

Posted by Bill Burpeau on Feb 6, 2017 6:00:00 AM

Yes...and no. We must determine the value for any property for which a Home Equity Line of Credit (HELOC) is requested.  This in turn, allows us to determine the amount that can be borrowed. But with a HELOC, most of the time, a full appraisal is not required.
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Topics: Home Equity FAQs, Home Equity

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