HELOC FAQs
Home Equity Line/Loan

Home Equity Lines, Home Equity Loans, Second Mortgage

Just One Click = Today's HELOC Rates

Start by selecting your state

Select Your State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

On either a home equity line or a home equity loan will an appraisal of my property be required when I apply (even if I've had my property appraised within the last year)?
Yes, the property is the collateral for the loan and therefore some type of appraisal will be performed. Although how extensive an appraisal required can vary from one lender to another and could depend on the amount of equity in the property at closing. Some lenders may request a simple in house "computer appraisal" (a computer search of recent comparable sales in the neighborhood), others may request that a complete appraisal be performed by a fee appraiser. Generally an appraisal is valid for a period of 90 to 120 days.