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Money Talk > Credit & Loans

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Cash: $ 3.00

Posts: 15
Joined: 03 Nov 2010

Re: HELOC OR Loan  Reply with quote  

Originally posted by papacraner
I really need to tap some cash for much needed home improvements and a few other issues. My credit score today is 603. I owe $ 67,000 on a home worth $ 130,000, household income is approx $ 63,000/yr. With loan requirements so strict today should I even bother applying for a HELOC or loan.....and if it's not impossible for me to be approved...where?

Appreciate any input......oh....I did just refi my mortgage from 6.75% to 3.75%.


It does not matter how much you have on your mortgage. Loan to value is how they establish your credit limit for the HELOC.
Post Fri Sep 13, 2013 7:34 am
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