Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
How can I access the equity in my personal home with bad credit?
I currently have more equity than I owe on my mortgage, however I have a bad personal credit score. This has been a thorn in my side trying to access the equity. I am unable to qualify for a refinance, HELOC, loan, etc. I have even thought outside the box. I thought about a leaseback with my parents that would give them a rental property and not only help me to get out of the poor credit situation, but also allow me to fund real estate goals. Any thoughts of what I could possibly do is welcomed. Also, would hard money/private money or traditional lenders be able to use my equity as collateral or down payment despite my credit score? How can I get the equity from my personal home?