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How long after buying a home will i be able to take out a home equity loan?

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Home Equity

I am wanting to buy my first home and the home i found needs work. I want to take a home equity loan out to make the repairs but i dont know what kind of time frame i will be looking at to get one. Any advice would be much appreciated.

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    depends on how fast home prices are going up – they are supposed to stay down or flat for at least the next year or two, so I wouldn’t count on any decent equity for at least 5-10 yrs

    Dr. Deth - Sep 14, 2012 | Reply


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