Updated over 6 years ago on . Most recent reply
300k in equity and a Credit Score under 550. What are my options?
I have 300k equity in my home and my credit score is 530. I cannot get a HELOC from a traditional bank - are there any other options for getting a line of credit with my equity. I want 50-100k and I do not want to re-fi (my current rate 3.75) and I don't want a higher monthly payment than I'm currently paying.
I want to use the equity I have as credit so when a have a possible deal I have cash to work with.