I have been trying to either re-finance or get a home equity loan on my house. I bought it 4 years ago for 38k. first i tried for a refinance but my house did not appraise for enough and it didnt happen.
In the meantime I found out that appraisals for home equity lines of credit are not as strict as refinance ones so I applied for a line of credit.
I was just called, house was appraised at 92k! I am approved and close next mondayQ!
From 38 to 92 in four years, as a fellow forum member says... BIG WIN!