What are the pro and con of refinance a house? why if i get a loan worth more that the house?

Agatha
My morgage is for $ 82, 000 my house was appraised for $105, 000 but i want to see if i refinance it for $120, 000

Na
There are lenders out there that would do up to 115% Loan to Value refinancing, but I won't recommend it. It will be a long time for you to build all that equity again. But, if you are not going to stay long in that property and you are looking to invest that money (cash out) make an educated decision and...Good Luck!

Hugh
try www.dotheloan.com, they might be able to help,

Lelah
A 125 loan could get you the 120 pretty easily. You would need a good credit score. Check outwww.totaldebtsolutionsllc.comThey have a free evaluation form that takes about 30 seconds to fill out and a loan officer from their nationwide network will contact you within 24 hours. Mention the 125 product so they can get you to the right loan officer. Good luck.