In MD area, is it possible to apply for home equity loan while house is listed for sale? I am trying to purchase a land/lot, but need home equity loan for downpayment. I know loan guidelines have been pretty tight recently. If my house is sold, home equity would obviously be paid off from the proceeds. Thanks
Thanks for all replies. Since loan is secured by the property.. won’t they get their money once property is sold !! what am I missing here ??