Posted on: 01st Jan, 2014 01:36 am
How will I be able to get a home equity loan with a credit score of 510? I initially purchased the home for cash.
Hi Guest,
With a credit score of 510, it will be quite difficult for you to qualify for a home equity loan. You will have to improve your scores and then look out for a loan.
Thanks,
Jerry
With a credit score of 510, it will be quite difficult for you to qualify for a home equity loan. You will have to improve your scores and then look out for a loan.
Thanks,
Jerry
Hi Guest!
Welcome to the forums!
You can check out the given page in order to know some steps to improve your credit scores: http://www.mortgagefit.com/credit-rating/credit-repair.html .
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
You can check out the given page in order to know some steps to improve your credit scores: http://www.mortgagefit.com/credit-rating/credit-repair.html .
Feel free to ask if you've further queries.
Sussane
Since your credit score is 510, you will not be able to take out a home equity loan. Try to boost your credit score before you may approach the lender for a loan.
FHA will lend with a 500 but most banks will have higher and stricter guidelines - get the credit fixed and the doors will open
Good Luck
Brian Barnes
ENG Lending
Nationwide Lender
Good Luck
Brian Barnes
ENG Lending
Nationwide Lender
