Home Equity Loan after 5 months of ownership

2 Replies

I’ve owned my house for five months. Is it definitely too early to look into a home equity loan? I paid $45k via conventional mortgage and it appraised at $100k at time of closing. My repairs are adding up and I’m looking for some options to get more capital. Thanks!

I haven't heard of seasoning specific to a HELOC, but I'd imagine 6 months to closing the loan should be able to get you whatever the house is valued at now (maybe more with the Reno's you've done).

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