Forgotten Your Password?

Need to Register?

Question Icon

can i get a line of credit of $200000.

by raraye1056729 from Memphis, Tennessee. May 13th 2015 Reply


Nancy J Releford (nancyreleford)
#4 ranked lender in Tennessee - 214 contributions

You have not provided any information. Do you already have a 1st mortgage if so what is the current balance on that loan. How much is your property worth? What is your credit score? Before anybody can answer your question it would be helpful to have all the information.

May 13th 2015
1
0
William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

Are there options for someone to get a $200K line of credit.. you bet there is.. Can YOU get one.. there's no way to tell unless you provide all your information and apply.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

May 13th 2015
1
0
Subscribe to our news feed.