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What does the subprime loan market look like currently ?
I need a big chunk, short term, maybe 6 months , till I either sell my home, or sell a few more rentals .
Im looking at a home equity loan
I have good credit, tons of equity , our personal home is paid off , and I will be coming into the deal with 50% of the value of the property cash.
But.... self employed . I made money consistently the last few years, but I am not setting the world on fire .
I am meeting with the credit union tomorrow , and my bank is on the job now.
Last time I borrowed money , it was the wild wild west. Showed them my bank statements, and had a mortgage in 14 days .
I miss the sub prime days .
I was in much worse financial shape when I bought my business property.
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No left turn un stoned
Last edited by fastfredracing; 06-23-2021 at 05:29 AM..
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