If you can get this loan your rate will be higher than 8-9%.
I would go for a FHA refinance cash out. You're allowed to go up to 95% cash out..and they dont look at your credit score.
You will get a MUCH better rate than the HELOC
Quote:
Originally Posted by onthegoworkingmom
Does anyone know of any companies that will do a HELOC 95% LTV w/a 600 credit score? My scenario is 1st mortgage of $117K, home equity loan (not line) $20K, house just appraised for $159K. I would like to get a HELOC to pay off the $20K & have additional available cash. Thanks for any help anyone can give!!
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