Posted on: 13th Oct, 2010 08:51 pm
I own two homes 1 primary and 1 vacation..value both at $450,000 or so..both have app 95% equity in them ..my fico 720 .. liquid about $55,000.. self employed 25yrs..Can/would verify assets.
PROBLEM-
5 year Draw period ended on existing heloc on primary home ..balance $9000 -home is worth $245,000! ..they wont extend 5 yr. draw (PNC) ..I have never been late and have a spotless credit report.
Why do borrowers who live up to their commitments always get screwed by the junk borrowers of the world?
Anyways Any help appreciated!
[size=9:f72a34454a][color=Red:f72a34454a][Contact details deleted as per forum rules. Thanks.][/color:f72a34454a][/size:f72a34454a]
PROBLEM-
5 year Draw period ended on existing heloc on primary home ..balance $9000 -home is worth $245,000! ..they wont extend 5 yr. draw (PNC) ..I have never been late and have a spotless credit report.
Why do borrowers who live up to their commitments always get screwed by the junk borrowers of the world?
Anyways Any help appreciated!
[size=9:f72a34454a][color=Red:f72a34454a][Contact details deleted as per forum rules. Thanks.][/color:f72a34454a][/size:f72a34454a]
Hi grpt,
Your query has been answered in the given page:
http://www.mortgagefit.com/second/heloc-stated-income.html
Take a look at it. Hope it helps you.
Thanks
Your query has been answered in the given page:
http://www.mortgagefit.com/second/heloc-stated-income.html
Take a look at it. Hope it helps you.
Thanks