heloc: HELOC for Contingent Purchase Financing in Sonoma County
- 08/31/09 03:28 AM
Sonoma County buyers can use HELOC (Home Equity Line of Credit) to finance a contingent purchase as long as they are well qualified to carry both property mortgages intially. This will allow the buyer to purchase a home with beneficial financing, while waiting for their current home to sell. Yes, home equity lines of credit (HELOC) are endangered, but not extinct. Evolved would be a better term for what these loans are now and how they are used. For an existing home owner, no-fee are available through local banks like Bank of the West here in Sonoma County. They are easy (0 comments)