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TRYING TO GET CASH OUT OF MY HOUSE WITH BAD CREDIT

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ldipofi Joined: 08 May 2009 Posts: 1 1.00 Dollars($)	Posted: Fri May 08, 2009 8:07 am    Post subject: TRYING TO GET CASH OUT OF MY HOUSE WITH BAD CREDIT Like 0 Dislike 0 mY house which is worth around 95, 000 is completely paid off, i am trying to get cash out of it. I do have poor credit so iam trying to get a loan. the purpose of the loan would be to pay down some of the debt and for home improvements. in addition, can a loan be done by mail or would it require that i have to go to the loan company
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Fri May 08, 2009 8:51 am    Post subject: Like 0 Dislike 0 first question: "bad credit" isn't going to allow you to obtain a loan. second question: at some point, you would have to make a personal appearance somewhere. overall, your best bet is with a local, community-type bank or credit union that can overlook the bad credit and lend based on your income and home value. you'll find these companies will be few and far between. there is such a thing as "hard money" that might be willing to lend to you, but you'd probably be limited to half the value of your home - for example, a loan of $45000 or so. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

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