Investor · Atlanta, GA · Member since 2015 · 16 posts · 0 votes
I live in the ATL. Looking for ways to get some money to invest in RE. I thought a HELOC would be easiest because I have tons of equity in my home - we bought at the bottom of the crash ITP - Grant Park. I applied with Wells Fargo (they have the remainder of my current mortgage) and they denied me because I had a short sale in 2010 and one late payment on a CC since. Credit is pretty good now. Anyone know of any less critical heloc lenders or different types of loans available?
Keep calling banks local to the property. Heloc underwriting is totally dependent on each bank's requirements, so some may look past the short sale and cc issue.