The informations Wisconsin Home Equity Loan

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Q. Do home refinancing ever refinance back taxes owed on a home?

A. Keep in mind that you just described the vast minority of home loans these days. I just heard a state that something like 95% of home loans in Dane County, Wisconsin (Madison) have less than 5% down. Most home equity loans and lines of credit are granted without asking you what you plan to use the money for. Thus, I don't see a problem with using the money to pay back taxes. I am, however, curious how you got in a situation where you owe home taxes. If you have a mortgage, most lenders require you to escrow funds for taxes, and the bank pays the taxes for you. If that means that you are behind on your home loan, it might be pretty hard to get a H/E loan.

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Do home refinancing ever refinance back taxes owed on a home?Keep in mind that you just described the vast minority of home loans these days. I just heard a state that something like 95% of home loans in Dane County, Wisconsin (Madison) have les...

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