Posted on: 07th Oct, 2010 08:04 pm
Business owner of 25 years (fico 740) seeking stated or no income HELOC for sole owner primary residence worth $240,000 with a $9000 balance (left on a 1st HELOC only).No other liens but with the draw period ended im stuck in neutral with the verified income programs..Plenty of assets to verify..$55,000 liquid and sole owner of $220,000 vacation home with $1000 balance on another existing HELOC with a $125,000 limit.
Any suggestions welcome !
Any suggestions welcome !
Hi grpt,
Stated or no income loans are hardly available in this market. However, there may be certain lenders who can help you in this regard. You should contact the local lenders in order to find out whether or not they can help you in this matter. This community also has a large number of lenders. You can contact the lenders and seek a no obligation free mortgage quote from them and get to know whether or not you can qualify for a loan.
Take care.
Stated or no income loans are hardly available in this market. However, there may be certain lenders who can help you in this regard. You should contact the local lenders in order to find out whether or not they can help you in this matter. This community also has a large number of lenders. You can contact the lenders and seek a no obligation free mortgage quote from them and get to know whether or not you can qualify for a loan.
Take care.