I would like to put my house up for sale, but I would like to do a few home improvements such as new carpet and repair privacy fence. How would take out a home equity loan effect the sale of my house in the long run?
Asked by:like the wind
Home Equity Loan and Resale of Home?
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It doesn’t as long as you pay the home equity loan (it’s a 2nd mortgage).
when you sell the home, the 1st & 2nd mortgage will get paid. Any left over money will go to you.
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