Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Mosby

(16,160 posts)
17. Shop around.
Fri Aug 5, 2022, 08:05 PM
Aug 2022

HELOCs are going away, banks don't make enough money on them, but they are still out there. I don't know what the title company has to do with anything.

Eta - you want to tell the lender that your doing upgrades to the house with the money.



Hmmm, don't they have to give you a written report with more of a official answer? Not doing such uponit7771 Aug 2022 #1
Yes for lender, but not title company. nt okaawhatever Aug 2022 #4
I would venture to guess it is your mother's age. 7wo7rees Aug 2022 #2
Okay, had not thought of that Beatlelvr Aug 2022 #10
And I do have POA Beatlelvr Aug 2022 #11
Yes. That is exactly it. 7wo7rees Aug 2022 #16
I would guess it's her age. Phoenix61 Aug 2022 #3
is a reverse mtg a workable solution? onethatcares Aug 2022 #5
This is what I was thinking... dixiechiken1 Aug 2022 #12
It's the title company not the lender who said no. It's probably okaawhatever Aug 2022 #6
Like @onethatcares, I was thinking moonscape Aug 2022 #7
Reverse. is the worst option. But if there is no other. 3Hotdogs Aug 2022 #8
I don't know the state you are in, but in CA you can apply for state benefits once most assets have alwaysinasnit Aug 2022 #9
You say she is living with you, Mr.Bill Aug 2022 #13
Yes, a possibility Beatlelvr Aug 2022 #22
Oh, I see. I thought no one was living in it and you and Mr.Bill Aug 2022 #23
I don't know who you're using, Corgigal Aug 2022 #14
If it's the title company, and not the credit union balking, you can pick another title company Fiendish Thingy Aug 2022 #15
Shop around. Mosby Aug 2022 #17
That's just what the teller told me to say Beatlelvr Aug 2022 #20
If the house still has a mortgage Mosby Aug 2022 #24
Please I beg you talk to an eldercare attorney before you mortgage her home. KentuckyWoman Aug 2022 #18
Excellent advice. All roadblocks I've run in to. 7wo7rees Aug 2022 #25
I think they are out of compliance with reg B Buckeyeblue Aug 2022 #19
Interesting! Beatlelvr Aug 2022 #21
Latest Discussions»General Discussion»Question about home equit...»Reply #17