HELOC possible?

[dalton97]

Is it possible to obtain a no doc HELOC of 50k with 61% LTV, mid 500 credit score, no mortgage lates on present mortgage?

Tom

[Hisclay]

If your midscore is over 500 you may be able to cashout. My concern is the low loan amount. Most non-prime lender shy away from cashout under 70k because they pay 3rd party fees. Are you self employed? or is your income hard to verify? I can use bankstatements if you have them. 12 months personal. 24 months if buisness and that will act as full doc. Let me know if I can help.

Best Regards,

Anthony