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Small income... asset rich and looking for a HELCO

Would I be able to get a HELCO if I own my house and have no other debt? I also have other assets but would prefer not to liquidate them. The only down side is I show little income? I also have a high credit rating. Help! Thanks!
  • July 01 2010 - US
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Answers (2)

Your income is what they care about. It demonstrates your ability to repay. Your net worth is of no concern to them until such time that you can demonstrate income credibility then they will look at other ways to deny your request.
Good luck

  • July 23 2010
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That's Heloc. If you only need 35% LTV or so, try your own bank or credit union. You may be able to pledge some assets, if liquid, without liquidating them.  
  • July 01 2010
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