Posted by dewCO on March 23, 2001 at 11:26:11:
Being self employed shouldn’t be a problem, if you can prove the income you need to do the loan.
Your credit and the combined loan to value (CLTV) will be other determining factors.
Don’t know what your 78% max referes to, but if it is the CLTV then you should be OK.
ED (and others),Need info on HELOC - Posted by Bryce
Posted by Bryce on March 22, 2001 at 12:28:05:
ED,
I am working on obtaining HELOC but am trying to find
one that is for self employed. The verifying income seems to be the problem. I have talked to some lenders; haven’t made an application yet; but want to make sure I’m after the right financing first.
Is there a difference with each lender? The docs required ,LTV, etc.? I have more to call
and would appreciate your advice. Maybe I’m looking in the wrong places, and not asking the right questions.
max LTV 78%
Thanks for any respones received.
Bryce