Asset-based lenders? - Posted by Anthony

import · July 16, 2003, 10:25am

Posted by Matt Johnson on July 16, 2003 at 13:20:46:

what is her credit score?

import · July 16, 2003, 10:25am

Posted by Anthony on July 16, 2003 at 10:25:15:

Hi,

I’m working some deals with a partner using home equity lines of credit I established while working a full time job. I no longer work a full time job and my credit is excellent (700+).

My partner has a home that is worth $260K with only a 25K mortgage on it, BUT she is not ‘employed’ and cannot get a home equity credit line. Also, her credit is not good. Does anyone have any ideas on how we can get a credit line on her house? Are there asset-based credit lines? My partner is a relative if that helps.

All suggestions welcome!

Thanks,

Anthony

import · July 16, 2003, 3:53pm

Re: Asset-based lenders? - Posted by James Strange

Posted by James Strange on July 16, 2003 at 15:53:25:

For her to get a loan she will need a plan. The lender will want to know how she will repay the loan.

James Strange