I am refinancing my house to get a lower rate. Can I take out an equity loan still at the one year mark (Sept)
We purchased our house back in September. We waited 7 months until we decided to refinance. We got a lower rate but we still only asked to refinance what we owed on the house and nothing more. Due to medical bills and other payments I have wanted to take an equity loan out but I know you have to wait one year in order to have one low payment. Can I still take an equity loan out on the house AFTER I refinance?? Its May and it wouldnt be until September.
Is it safe to pull out an equity loan??