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What is the best way to get a $100,000 loan with only a $750,000 house as an asset?

I have tried a first and second mortgage. Everything in the house is new. I want the cash to finish the remodel and put the house on the market to sell.

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  Answers  |  3

May 24, 2016

I can help you sir, please feel free to contact me through my profile.

$commenter.renderDisplayableName() | 05.28.17 @ 14:58

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May 24, 2016

A small HELOC (home equity line of credit) sounds like a perfect program for you, try contacting the bank you bank with or the smaller local banks and credit unions to see what options they have. Depending on the realtor / real estate firm you use to sell it- they may have some ideas / options as well. Do you have any other assets that you can temporarily leverage ? (401(k) account) ?

$commenter.renderDisplayableName() | 05.28.17 @ 14:58

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May 24, 2016

A hard money loan could be very helpful in this situation. Credit and property condition isn't a big factor at all. Equity is main aspect. Give me a call or through our company website, both are on my profile here on MoneyTips.

We are family owned and operated and have been providing alternative financing since 1988 throughout California. Would like to help you if needed.

Best, Ken - Another Guy in the White Hat
Sun Pacific Mortgage & Real Estate

$commenter.renderDisplayableName() | 05.28.17 @ 14:58

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