Hello BP peopleI find myself at on the fence, I have a owner occupied triplex in Venice CA I have owned this since 1995 the property has appreciated a lot looking at about a sale of 2.2 million My problem is that I can't get a REFI based on my debt to loan, it's 80% even though my income on the property supports the new loan the bank is looking at my personal income only, I have tried for 3 years to try and get my first and second combined $720k I also have a large CC debt on the side.

Hello BP peopleI find myself on the fence, I have a owner occupied triplex in Venice CA I have owned this since 1995 the property has appreciated a lot looking at about a sale of 2.2 million My problem is that I can't get a REFI based on my debt to loan, it's 80% even though my income on the property supports the new loan the bank is looking at my personal income only, I have tried for 3 years to try and get my first and second combined $720k I also have a large CC debt on the side.

Hello BP peopleI find myself on the fence, I have a owner occupied triplex in Venice CA I have owned this since 1995 the property has appreciated a lot looking at about a sale of 2.2 million My problem is that I can't get a REFI based on my debt to loan, it's 80% even though my income on the property supports the new loan the bank is looking at my personal income only, I have tried for 3 years to try and get my first and second combined $720k I also have a large CC debt on the side.

If that's the case, C/C+ for cashflow.  

Originally posted by @Brian C.

@Brian C. 

@Brian C. thanks for the tip.  

Also, I get Credit Wise for free thru a CC company.  

@Russ Scheider  golf course communities can go through this..La Quinta CC in So CAL had their club house demolished in an earthquake.. well it was still standing but it needed to come down..  25 million to replace.. 400 members. you can do the math.when economies have issues as well CC can be a really dicey thing.I lived at Silverado CC In the Napa Valley for a decade ( owners of Halls Chop house there in Charleston used to be the GM there).. but the course was not owned by us members so we were never subject to any capital improvement fees.. but then again we did not have a lot of say.. and the course was semi private with resort guests.. ( which I liked I met all sorts of cool people from all over the world that came and stayed there etc etc)

If they aren't behind on their payments or there isn't a reason behind the deficit, you're going to have a hard sell to the cc company that their money is at risk.