does anyone know if or who will give a home equity loan or LOC if you have been in your house less than year?

Gregory asked:


Just bought home in distress. FHA Loan. Appraised 410k, owe 300k. Need to pay commission to broker who found it for me and need equity to do so. Anyone aware of a lender that will let borrow equity within first year of purchase?

ISAAC
This entry was posted in Credit and tagged , , . Bookmark the permalink.

3 Responses to does anyone know if or who will give a home equity loan or LOC if you have been in your house less than year?

  1. sissy says:

    MICAH

    You are on the road to losing your home when you have to get a HELOC in order to pay this debt. Kind of things that put us where we are in the industry.

  2. v b says:

    DARREN

    No lender is consider an old appraisal “equity.”

  3. Luck says:

    DAMON

    Giant Loan Agency Inc.
    14 Cabot Square,Fulham,
    London,United Kingdom
    Tel Num: +447045723089.
    Email:

    Hello

    We are a fully registered and certified loan agency based in United Kingdom that offers loan and other kind of financial services, at 3% low interest rate, within a maximum of 3 working days, to all genuinely interested individuals across the globe.

    NB: Even if your bank have refused to grant you a loan because of your low credit score, we are willing to help you. Come and get a very genuine loan, from a very genuine and reliable source, and put a final stop to all your financial needs.

    If interested in our financial services, you are to contact us via e-mail:giantloanagency@live.com and get back to us with the loan amount needed, loan duration period, country, state, annual income,age and sex

    And you will forever remain glad you did.

    Mode of Payment:
    * Payment by bank to bank transfer
    * Payment by bank certified check(courier)
    * Western Union Money Transfer
    * Money Gram
    **************************************************
    Mr. Frank Smith
    Loan Managing Director
    Giant Loan Agency Inc.COPYRIGHT © 2009 ALL RIGHT RESERVED