Kennyb asked:
I have less than 15% equity in my home and need to consolidate some bills. My FICO is right at 530 and I have one late mortgage payment about 3 months ago. The amount I need is about 10% equity in my home, but can’t find a lender willing to let me have the money with such a low score. At this point in time, the interest rate is not as important as getting some things paid before they begin to affect my credit even more. Anyone know of any companies out there that will go with a 100% equity loan with my bad credit score?
HAROLD
I have less than 15% equity in my home and need to consolidate some bills. My FICO is right at 530 and I have one late mortgage payment about 3 months ago. The amount I need is about 10% equity in my home, but can’t find a lender willing to let me have the money with such a low score. At this point in time, the interest rate is not as important as getting some things paid before they begin to affect my credit even more. Anyone know of any companies out there that will go with a 100% equity loan with my bad credit score?
HAROLD
ALDO
Your best bet is to find a mortgage broker, they will have many lenders to choose from, and some niche program lenders that may do what you are looking for. Most times if a broker can’t do the loan, it means that there isn’t alot of choices at that point. Just a warning: If a broker CAN do it, it will cost you more than your local bank, but there should be limited out of pocket expenses.
JOSUE
Sorry you need a 660 to get a 100CLTV heloc. I have a couple of suggestions email me…
DAMON
There is some useful advice here.