How can I get a home equity loan with bad credit?

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

11 Responses to “How can I get a home equity loan with bad credit?”

  1. MiKe Says:

    you could try a ak 47, or a colt 45. i wouldnt recomend it though.
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  2. god knows and sees else Yahoo Says:

    No matter how bad your credit is — If the house is valed at 550,000 and you owe 20,000 you should be able to refi
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  3. David W Says:

    They are just being oppertunistic. Stick to y our guns about what you want. Try lending tree or something.

    Be very careful though you could be setting yourself up for a foreclosure. It isnt a great market what if it takes longer then you anticipate to sell? This is not something to do lightly.
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  4. olivia j Says:

    call country wide.

    no one can do what country wide can.

    serisouly tho. my mom called and she jus bought a new bought a new house.and sold our old one.

    trust me they’re gooooood.
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  5. Bulldog Says:

    Here is a proposal for you, hope you find it useful:
    http://goaddr.com/8r6
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  6. elbellasera Says:

    Try countrywide….they’re really good! They gave us a loan for our house and we had horrible credit.
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  7. laneybeans Says:

    If you really have a home worth that much, you would have a brain big rnough to figure this out, ass monkey
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  8. mortgage help Says:

    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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    you can also apply here, https://secure4.myersinternet.com/lnapp/sframe.asp?client_id=11271

  9. bianca Says:

    sometimes you have to do what you have to do . your credit is not good and I’m sorry ,but even you have a lot of equity in your house- it is not yours ,till you sell the house. thing like this, if you need to refinance the whole mortgage, you will have 2 mth brake from paying your new mortgage and this way you will recover some closing costs, that is what probably hold you back to do this.
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  10. chris Says:

    I give out loan to Business Men and women who are into Business transaction, I give out long term loan for three to five years maximum with your interest in this you can as well tell me the amount you need so that I send to you the terms and condition that is if you are realing interested in getting a loan from me, Loan is given out in Pounds and $US the maximum I give is 5,000,000 both in pounds and $US and the minimum 5,000 pounds and US$ so if really you are interested mail for more info on how the loan can be transfered to you. There is one Question i have to ask are a serious individual that we take a loan and pay back after duration with the interest, if you are honest I will trust you because I like to do business with Honest people if you are one you will get the loan with out problem and for your information if you should more loan like $10,000,000m I can give only if you are one of these cartigories:
    Manager of a company
    A private Holder
    A broker in banks
    A director in any office or company
    A high investor of and compay
    If you are one of the following you can get $10,000,000US as loan or if personal loan you can request for 5,000-5,000,000 as loan. hope to here from you soon.
    Name In full____________ ____________
    Occupation___ _______________ ______
    Counry_____ _______________ _______
    State____ _______________ _________
    City___ _______________ ___________
    Zip code:__ _______________________
    Phone Number ____________________
    Sex _______________ ______________
    send these info it is important. Mind you loans is given to every part of the world only if i see you to be honest and will pay back after duration. If you are interested you have to send the amount you need as loan so that i can give you the terms and condition on the loan for your information loan are given to every part of the world on honest people so if you are honest apply for the loan now. email chris_per_lenders@yahoo.com
    Thanks.
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  11. mrsreginner_sanchezes_company Says:

    This is Mrs Reginner Sanchezes Fabiano company which is assisted with the sanchezes group of members of the family which have decided to come together to give out loans to people in need of money,like the poor the rich which at the end the poor will be rich and the rich will be made richer then you will have the full course to thank the Mrs Reginner Sanchezes Fabiano Company and to thank God the creator of the universe. Interested persons should contact mrsreginner_sanchezes_company@yahoo.co.uk
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