Mother wanted to take out equity loan for new hvac and home improvements. Bank wants to add loan amount to amount owed and start a new 30 yr mortgage.

They don't do a 2nd mortgage anymore. Owes 72k. Wants to borrow about 15k. house valued at 160k. 13 yrs left on mortgage. Are there better programs out there that doesn't require starting over on mortgage? Only income is SS and very small retirement payment. She is 71.

Submitted April 28, 2021 at 10:41PM by sirtagsalot https://ift.tt/3vvRP1p