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Updated about 7 hours ago on . Most recent reply
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Buddy in NJ needs a HELOC.
I have a long time friend in NJ who needs a HELOC on their home.
He came to me to help him find someone.
here is rundown
home - 650k
1st -160k
2nd-90k
self employed (appraiser)
bank statements -130k
credit 690
also has a rental
value 230k
1st -45k
he was trying to do a Hometap on OOC but didn't fly due to a small balloon on the end of his 1st mtg.
I suggested Angel Oak but that didnt work due to not enough income for their parameters.
Obviously plenty of equity ..
needs a heloc that is non fulldoc /income dependant and easy and quick...
let me know if you have any ideas.
thank you