Forgotten Your Password?

Need to Register?

Question Icon

Cashing out equity with bad credit

is it possible to cashout on my equity with poor credit? by gbacon618 from Canones, New Mexico. Oct 23rd 2019 Reply

Charlie Sparks (CharlieSparks)
#8 ranked lender in New Mexico - 401 contributions

To answer your question I would need several other pieces of information. You may call or text me with a good time to talk for a little bit. Charlie Sparks, NMLS 195031, 505-350-3745 and I am a mortgage lender in Albuquerque.

Oct 23rd 2019
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions

Yes, no, and maybe. Too many variables, and not enough information given here to properly answer. But generally the lower the credit, the smaller the options. Then how bad is bad, what is your equity position, etc. Contact a local lender in your area and make application.

Oct 24th 2019
Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions

1) what is the credit score you have 2) getting cash out via a new loan will be dependent on many varaibles ...normally you can get approx 75% - 85% loan to value on a cash out refinance

Oct 28th 2019
Subscribe to our news feed.