- Mar 1, 2000
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I'm trying to settle an "dispute" of sorts so somebody help me out here..
Ok first the numbers:
$145K outstanding on mortgage
$19K on home equity loan
The house is assesed ~$205K
How, if possible could I get ANOTHER equity loan to do a ~$10k-15K addition onto the house?
On a related note, once the addition is done (extra bedroom) the FMV of the house and Im sure the asseement would likely go up, which in turn ups the equity correct?
Ok first the numbers:
$145K outstanding on mortgage
$19K on home equity loan
The house is assesed ~$205K
How, if possible could I get ANOTHER equity loan to do a ~$10k-15K addition onto the house?
On a related note, once the addition is done (extra bedroom) the FMV of the house and Im sure the asseement would likely go up, which in turn ups the equity correct?