Posted on: 18th Aug, 2008 07:08 am
Credit scores in the late 6's
CLTV will still be below 75% with the heloc
450k appraised value $263,500.00 first, looking for 75k heloc.
Will be paying down some credit cards with part of the heloc.
CLTV will still be below 75% with the heloc
450k appraised value $263,500.00 first, looking for 75k heloc.
Will be paying down some credit cards with part of the heloc.
Hello chrismanley.
For the stated income loans, you should have better credit scores. In this financial turbulence, if you don't have good credit then you cannot get approve for the loans. So better try to improve your credit. BTW you can go for No-obligation free consultation from the mortgage consultant of this community to find out whether you can get a stated income verified asset heloc or not.
Hope it helps. Feel free to ask the community if you have further questions.
For the stated income loans, you should have better credit scores. In this financial turbulence, if you don't have good credit then you cannot get approve for the loans. So better try to improve your credit. BTW you can go for No-obligation free consultation from the mortgage consultant of this community to find out whether you can get a stated income verified asset heloc or not.
Hope it helps. Feel free to ask the community if you have further questions.