HELP!! HELOC or LOC…

[Joseph Harrison]

Hello all!

Seeking help to obtain a HELOC or LOC.

Have tried unsuccessfully with my primary bank (Bank of The West) and PNC.

Primary residence carries no mortgage and investment properties have great equity.

However, both banks were very conservative and have countered with 50k line of credit.

Factors that that they stated adversely affected:

1. Proportions of loan balances to loan amounts too high..?? (I definitely questions this.)

2. Too many inquires in 12 months…

(lol there were 2.)

3. Time since most recent account opening is too short..???

(Don’t know what this means??)

4. Too few accounts currently paid as agreed…

(ummm..ok…all accounts in GREAT STANDING! 800+ fico!)

Any help is greatly appreciated.

Thank you!