Hello, I'm seeking guidance on my potential financial options. The value of my home is approximately $850,000 to $900,000, and it's fully paid off. I'm interested in obtaining a Home Equity Line of Credit (HELOC), but my credit score is quite low at 500 due to recent events affecting my creditworthiness. I'm currently in the process of rectifying these issues. My pre-tax income stands at around $225,000 annually. Given these circumstances, what avenues are available to me? Can I secure a HELOC from a bank despite my credit situation? I would like to access some of this equity but i know my credit is hurting me. Thanks in advance
original posted by Timelymatter88 to r/personalfinance on Wed, 17 Apr 2024 16:01:22 GMT.