In the meantime you may want to refi out of that loan If you have over a 650 credit score you can get a stated income loan no financials needed

If they default it will go on your credit.

If for some reason you end up looking at HELOC, at my local Credit Union they have a HELOC that is about 4% right now that moves with Prime, but can be looked at any time with up to a 10 year rate lock. 

However, like many of the rest of you, I stumbled on this little book called Rich Dad, Poor Dad and my entire outlook on life changed, and that was all it took to spark inspiration for me to take steps into the world of real estate--building the asset column, am I right?

She can also help with getting your credit ready which is something to look into well in advance of looking for financing. 

This is really poor judgement on your part .

certified appraisal) $30 credit report $15 flood certification $400 appraiser's fee $400 doc prep Approximately $450 for a full appraisal from our pool of third party certified appraisers.

The following is what we can offer:Over $110,000 cash$17,000 in credit line at a home improvement store (thinking about opening another credit card which will probably offer the same line of credit)Our home has around $80,000 in equity.We both have great credit scores.I have a friend who’s a Realtor and has flipped three homes and is now in wholesaling.

Very poorly worded... what is your question?  

I was going through a local credit union but have decided to pull the plug.