Can You Sell a House with a HELOC?
AuthorAmanda Dodge. Date:
A Home Equity Line of Credit (HELOC) allows you to borrow against the value of your home. Most lenders will allow you to borrow up to 85% of the equity you have in your home, and you can use the funds for a variety of things. Some people take out HELOCs when they have home repairs or renovation projects in mind, while others use these lines of credit to cover wedding costs or student loans. One common question that homeowners have when considering this option is if they can sell a house with a HELOC or home equity loan. It is possible, and often easy to complete these processes. Here’s everything you need to know about selling your house with a HELOC. Can You Sell a House with a HELOC? It’s possible to sell your home if you have an outstanding home equity loan or HELOC. The title company will … Continued
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