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Updated over 3 years ago on . Most recent reply

User Stats

284
Posts
85
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Kyler J Sloan
  • Investor
  • Maggie Valley, NC
85
Votes |
284
Posts

Rennovation Financing after First Purchase

Kyler J Sloan
  • Investor
  • Maggie Valley, NC
Posted

I attempted to obtain a personal renovation loan shortly after closing on my first property, but was denied on each attempt because the house was just placed on record. I am going to get a significant raise soon, but am still surprised I was denied (760 credit score), since I reported my newly anticipated salary in the applications. 

Should I have applied before the house went on record?

What renovation financing options would you recommend?

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