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Own home no mortgage, credit score 633. Can I get equity.

I make 79,000. A year. My revolving accounts are car, credit cards, personal loan, insurance on house and taxes. Are a total of 1300. A month. Credit score of 633. Two late payments 5 years ago ( two months in a row, wife in hospital). House valued at 125,000. Can I get a loan of 50,000 on my home? I'm not sure how it works. Do you thank I have a chance? by stoeltingb993 from Farmington, Missouri. Mar 26th 2016 Reply


Sara Deere (Saraloveshomeloans)
#39 ranked lender in Kansas - 538 contributions

Yes you have a strong chance. I would be happy to help you through the entire process. You can go to www.movement.com/sara.deere to look at the various programs currently available, and apply directly online from the website.

Mar 26th 2016
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Bartolomeo Castelli (BartCastelli)
#32 ranked lender in Missouri - 1,056 contributions

No matter what you hear, there are still many opportunities for people like your self to get a loan with what parameters you mentioned. At Homestar Financial, we have the capabilities to do loans with people as low as a 580 Credit score.Even though I am here in St Louis, and am currently working on three loans in your area both in Festus and two in Blackwell. Please do not hesitate on giving me a call on my cell at 314-712-7474 over the weekend, or visit my website www.CallTheMoneyMan.com where you can apply on-line as well as read about various information in regards to the loans we offer. I also write a blog on what is going on in the marketplace that might be informative on when it will be the right time to lock in on an interest rate. You can see this information under "Rates & Trend" on my website as well.

Mar 26th 2016
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#1 ranked lender in Florida - 796 contributions

Sounds like your in good hands with the people below

Mar 28th 2016
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Lorne Harvey (lorneharvey)
#80 ranked lender in Washington - 431 contributions

Sounds like that would work, I recommend contacting a local mortgage loan originator.

Mar 28th 2016
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,722 contributions

Yes.. but it might be difficult to find someone willing to lend $50K.. a loan that small makes it difficult for lenders to make a profit.. The government has laws in place to prevent mortgage companies from over charging you..but the down side is that on smaller loans, they are just not worth the risk for most lenders.. try reaching out to a local credit union.. it's possible they would lend on the smaller loans.. but in general, 633 and no mortgage making $80K.. you should be ok.. 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 NMLS# 226347

Mar 28th 2016
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