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 Posted: Sun Nov 04, 2007 7:26 am Subject: Horrible credit - lots of home equity - is a loan possible? |
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In 2000 I filed for a divorce - my husband & I were in the midst of a Chapter 7 at the time & I had been a stay-at-home mom since 1990.
I had excellent credit before this but I've never been able to fully recover financially due to various financial set-backs (job loss, smaller salary, countless periods of not receiving child-support). For a long time I could barely afford the bare necessities for me & my 4 kids - we even had to start going to the local food pantry!
I've been on one repayment plan after another with my mortgage - seems that soon as things look good financially some expensive car repair or house repair pops up to set me back again.
Anyway....I'm in a better financial position now, but my credit is ruined. The equity in my house is desparetly needed for home repairs & maintenance.
Are there any reputable lenders for someone like me?
I'm familiar with many of the scams out there and am therefore very skeptical of lenders....I would only go with a well-known reputable lender.
Any such thing? Thanks for your help!
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spinner80
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| Posted: Sun Nov 04, 2007 10:17 am Subject: |
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This question might be better answered in the Mortgage Forum.....
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a1sundevilsfan2
Joined: 28 Oct 2007
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cajunbulldog
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| Posted: Tue Nov 06, 2007 6:54 am Subject: |
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I'll be following this post, as I have equity in my home as well, and might be better of transferring some of my debt
I'll follow how things go for you
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antiplastic48
Joined: 29 Oct 2007
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| Posted: Tue Nov 06, 2007 7:00 am Subject: |
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Shop around - there is no reason why you couldn't field multiple offers. Check the mortgage post.
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hvn_sent
Joined: 21 Sep 2007
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| Posted: Wed Nov 21, 2007 5:04 pm Subject: Loan assistance |
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Hello fellow posters. I noticed some curiosity in regards to roadblocks you feel you may incur in trying to get a residential loan. I am a mortgage analyst at ***. If you have any questions in regards to securing a loan let me know, I'll answer them or steer you towards someone who can help.
Advertising violates TOS. -JediJeff
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Corry Green
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