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HELP ME PLEASE, Borrowing agianst property? |
Can anyone offer advice. I am disabled and own my condo out right. My association assessed me 3500.00 of which I don't have funds.Now threated with LIEN. My credit is fair. How can I borrow against the property with no income other than SSDI. - all positive feedback ENCOURAGED Banks cannot discriminate against you because your income is SSDI. It is still income. They can look at whether you have enough income to pay your current bills plus any new debt (loan). Go to a reputable bank and make an application for a home equity loan or line of credit. This kind of loan is easier to qualify for because it is secured by a deed of trust in your home - and - if you get a line of credit you can use it for other emergencies. Interest on such loans is usually tax deductible also. Good luck! HI - JUST DO A STRAIGHT HOME EQUITY LOAN STATED - MEANING THEY WONT ASK FOR MUCH OF ANYTHING PAPERWORK WISE - Get a home equity loan. Try the below website: |
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