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).
It isn't too soon to refinance. Might as well look for a fixed vanilla mortgage rather than HELOC.