I need to have a $25,000 Surgery, Will owning two homes with high equity help me to approve for this LOAN?
Tuesday, 29. June 2010
I need K for a surgery that will be performed on myself this year. I am a private real estate investor so my pay fluctuates, however, I seem to do just fine. I just purchased a newer but used Honda Accord 3 months ago, put K Down, and owe about K more, and I own 2 homes, appraised at 5K A piece, and on each I have two hard money loans in the amount of K per property. The rest is just equity. I have both homes for sale, however, the market is dead. My credit is about 625, however I could easily improve it
This is my situation. Would my assets help me to get a loan? I dont necessarily want to BORROW more on them… I am just wondering… what kind of a part it would play in getting myself a loan. Thanks : )
PS: My Health Insurance wont cover a thing. Thanks : ]
Val Says:
Yes, you should no problem qualifing for a loan. The lowest interest rate would be with a home equity line of credit. I would also try and negotiate with the Doctor and hospital for a plan with them with no interest, you will never know until you ask. Good Luck