Can anyone point us in the right direction? We liv
Date: Tue, 04/19/2011 - 21:36
Can anyone point us in the right direction? We live in a condo and own it free and clear but have been turned down twice for home equity loans. We are only looking to borrow 25k which is less than 33% LTV based on a recent appraisal.
If the condo is free and clear and if you've the required credit
If the condo is free and clear and if you've the required credit score, income and debt to income ratio, then you shouldn't face any problems in getting a loan. Did you ask the lenders as to why they have rejected your loan application?
