Home Loans

Categories: Mortgage

Hello,
I thought I would throw this question out to you before approaching some banks.
My wife and I own a 3 story house in Park Slope, we have about a $600K mortgage on it and we know the house is valued at slightly over 1.15, we have a 1 BR rental which we renovated and get $2K a month.
My question is we really would like to take out a home loan or HELOC to do some renovations and clean up credit card debt. Are the banks lending to people who make a decent salary and have good credit for $150K home loan?
Thanks for your advice

By bkincaid | 03/12/2009 8:15 AM