My wife and I have about 30-35k worth of equity in our house. We put money down and bought low. The value of our house has not gone down. Our rate is 6ish%.
We want to either refi to a better rate, or use our equity to secure a personal loan. Is the second idea even possible?
We have done some improvments, mostly cosmetic. Could that help our case? Will the house need to be inspected?
What else am I missing?
We want to use the money for a few improvments to the house, and a newer diesel.
Thanks every one.