Since 2001 | Total Members: 161,594

PD

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    PD replied to the topic Line of equity advice in the forum My mother in law passed away 18 years, 10 months ago

    My mother in law passed away recently and has left  a villa in South Hurstville to my husband and brother. It was valued 3 years ago at $440,000 when she took out a Seniors Loan against the equity. The amount currently owed on the Loan is $120,000. Both my husband and brother in law have agreed for me to find a finance company to arrange for a loa…[Read more]

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    PD replied to the topic Line of equity advice in the forum Finance 18 years, 10 months ago

    Qlds007 wrote:
    Mark Scenario 2 is correctHouse worth $330 00080% is $264 000minus loan $130 000Amount available $134 000remember many lenders go past 80% on a Line of Credit.

PD

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