equity loan question - Posted by Dave R

Posted by Bert Beaulieu - REALTOR on February 28, 2000 at 17:14:00:

I think you can always get financing. Even if you have bad credit, but the rate you’ll pay might be higher than otherwise. I would suggest you query some finance brokers. Sounds to me like it should work

equity loan question - Posted by Dave R

Posted by Dave R on February 28, 2000 at 14:04:39:

I have a partner who would like to use an equity loan to fund a deal that we are working on. He has a good amount of equity in his home that we can use.

He has had some credit problems in the past and has made his payments on time for over six months. Are there lenders out there who will make a loan under these circumstances.

Property has about 100k equity, we would be looking to borrow about 55k.

Thank you in advance

Dave R