I want to Open a Equity Line Of Credit Account,How Do i Open It?

Question

WHAT ARE THE STEPS I NEED TO TAKE TO OPEN A EQUITY LINE OF CREDIT ACCOUNT

Answer 1

Start by calling your current mortgage company's refinance division.  Also, call a few other major lenders like Wells Fargo, Bank of America, Washington Mutual.  Also contact a few local mortgage brokers.  You'll most likely need to apply just like any other mortgage application and they'll probably not want to lend more than 80% of your homes value.