Own a house appraised @ 56k, want to take 30k out at the most. Fico is about 631 but I've switched jobs 3 times within the past year. Income is under 30k yearly (full time student).
2007-03-14 13:28:50 · 3 answers · asked by PlasticTrees 2 in Business & Finance ➔ Credit
House is owned.
2007-03-14 13:33:42 · update #1
It depends on your other debts. If you have none, then you have a good chance of getting a loan, though it will probably be smaller than 30k.
2007-03-14 13:34:42 · answer #1 · answered by Vegan 7 · 0⤊ 0⤋
30K is too much to take on a house worth 56K. You did not say how much your mortgage was. Depending how much equity you have, you get to borrow a % of that.
Fico is a bit low & your income & job hx can hurt you.
2007-03-14 13:34:41 · answer #2 · answered by ♣Hey jude♣ 5 · 0⤊ 0⤋
It also depends on how much you owe on the first loan.
2007-03-14 13:31:47 · answer #3 · answered by david80 2 · 0⤊ 0⤋