How can I get a home equity loan with bad credit?
Posted on November 25th, 2009 by admin
I have a home worth 550,000. I owe 187,000. I only need to borrow around 20,000 to hold me over until I sell my house. I just listed it with a realestate agent. Everone I talked to wants to refinece the whole loan.
Home equity lines of credit require higher scores, and that is probably why everyone is recommending that you refinance the entire loan. I say probably, because they will most likely also make more money by refinancing your entire loan. Have you completed an application and pulled credit? … you have so much equity I would think there’s a chance.
regards
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