if a deceased parent has an unpaid equity loan on my property, can I get my own loan without paying hers off?
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No one but the owner can take out a home equity loan. So that is your responsibility to repay that money No you cannot take out another loan
Good try but no prize. No way.
assuming you are on title of the property, living there, sufficient equity, good credit, stable income, no other loans other than the one loan and so on, it is possible to take out a second mortgage on a home. Lenders offering second mortgages have very different guidelines and here is where you may have issues.
The equity loan you have now must be current without late payments in the last 12-24 months.
You have to show that you have been making the payments and provide proof.
They will want to see the original note for the equity loan. Hopefully you have it.
A national lender will take too long and may not approve you due to a rule called “continuity of obligation”. You are better off going to a local credit union that offer second mortgage products.