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I am in a chapter 13 can I get a home equity loan

by Vernonmoore9452 from Aurora, Illinois. 14 days ago Reply

Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,268 contributions

Possible, but doubtful. Because A HELOC is a line of credit, AND it is subordinate, or behind the First mortgage, most lenders that offer them have more stringent guidelines for HELOCs than for First mortgages. Secondly, your Bankruptcy Trustee must approve you obtaining additional credit. I do not have a lender that will offer a HELOC until 24 months have passed since the Bankruptcy was discharged. Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ 480-889-9000

13 days ago
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,347 contributions

Maybe, but it will be difficult. I lend in MN WI IA SD ND. Find me at - NMLS 274132 Cambria Mortgage

12 days ago
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