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Can I take out a home equity loan if the home was given to me with a quit claim deed, but carries a life estate?

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Post Posted: Wed Feb 09, 2011 12:00 pm    Post subject: Can I take out a home equity loan if the home was given to m
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Home and property is in the state if WI
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adonis




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Post Posted: Wed Feb 09, 2011 10:46 pm    Post subject:
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Hi Guest,

As you're one of the owners of the property, then you can take out a home equity loan on it. However, in order to get a home equity loan, you should have equity in your property.

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