I inherited my parents home where we were living, it is paid off. I need to get a home equity loan but my credit score is 547.
Is that possible? The house is paid off and is worth about $250,000, I need the loan to pay for the inheritance taxes and lawyers fees...please help!
Answers | 3
- In any case, what is the amount of money that you are looking to get (how much is the "inheritance tax" and attorney fees)??
- Are you planning on living in the home?
- How old are you?
- Do you have any other money set aside in any other place (IRA, Roth, 401k, etc)?
I ask because a loan, even if you could get one, may not be your best option... Feel free to contact me directly if you'd prefer to answer these types of questions privately...