August 5, 2015

How much equity is needed to refinance?

By Marcie Geffner - HSH.com

Many homeowners think they need a big chunk of equity to refinance. But in fact, it's possible to refinance with very little equity or even none at all.

How much you'll need depends on a number of factors, says Michelle Velez, sales manager at W.J. Bradley, a mortgage company in San Mateo, California.

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