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Updated over 3 years ago, 04/05/2021

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Falls Church, VA
  • Member since Feb 10, 2019
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Falls Church, VA
  • Member since Feb 10, 2019
Connect
Account Closed
  • Rental Property Investor
  • Falls Church, VA
7
Votes |
8
Posts
Creative Real Estate Financing

HELOC to replace my current mortgage

Account Closed
  • Rental Property Investor
  • Falls Church, VA
Posted

I have recently purchased a condominium as my primary residence in August 2018. I am on a 30-year fixed with 4.75% interest rate. Can I replace my current mortgage with a first lien HELOC? I tried a few times to obtain a HELOC, but declined due to my credit score of around 650 and most HELOC lender require a 720 FICO or more! I live in Falls Church, Virginia. Anyone can recommend a lender which they accept borrower with an average FICO score?

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