Loan amount
$80,000
Loan type
As-Is Property Value
$200,000
LTV
40% {LTV}
Property type
Single family
Borrower Details
Credit score
545
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Nebraska
Loan Details
Additional Loan Information
I'm looking for a loan on my property that I live in. My house is worth 200,000 I am looking to get an $80,000 loan to clear my credit so I can get a reverse mortgage. There is no lien or mortgage or anything on my home it is completely paid off. I would be able to repay this loan quickly but I'm having a hard time do to my credit score because I am $14,000 in debt. I am 74 years old and whoever decides to be my lender will be the primary lien
Status
Created
August 9, 2019 - 5:07pm

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