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    ajscorp1's Avatar
    ajscorp1 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 17, 2013, 09:26 AM
    Looking to borrow against my home that is paid off. However my crdit is not that good
    Looking into borrowing against my home that is paid
    odinn7's Avatar
    odinn7 Posts: 7,691, Reputation: 1547
    Entomology Expert
    		  
    #2

    Oct 17, 2013, 09:27 AM
    Have you talked to anyone at a bank?
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #3

    Oct 17, 2013, 10:34 AM
    If you have a good amount of equity in your home, go the bank that holds your mortgage
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Oct 17, 2013, 12:32 PM
    If the home is free and clear, your credit history will have little bearing on a secured loan.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #5

    Oct 18, 2013, 03:40 AM
    The issue will be how much do you want to borrow, and if you have resource to pay it off. If your home is worth 200,000 and you want to borrow 50,000 to maybe 100,000 you should be able to. But banks do not want houses, they want money paid back. So proof you can pay, or poor that house can be sold at discount and they still get money back
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