Quote:
Originally Posted by Titan
So do they not even look at the value of the house at the time? Also, can you roll the Helco into the mtge as a whole? Does that make sense?
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They aren't going to do an appraisal if it is just a renewal. The only time they do is if you are looking for additional funds.
Depending on the bank, you may be able to roll your line of credit into your mortgage. If you do that - again depending on who you are with- they may or may not want to requalify you which would mean appraisal would have to be done.