Asked anonymously

I would like to refinance a co-op and possibly get a HELOC. The property is worth $1,000,000 and there's no current mortgage.

I only get Social Security income. There is no mortgage on the property.

Report Question Report

  Leave Answer

Sign in to MoneyTips
By submitting you agree to our Terms of Service

  Answers  |  1

October 31, 2018

Contact a lender who is local to you and familiar with co-op loans for some options. The amount you are able to borrow will be tied to your Social Security income.

$commenter.renderDisplayableName() | 09.20.19 @ 01:11

{comment}