Me & my Hubby just brought a house in an area that is not fast for equity, 8 months ago and we only made a 5K equity, we wanted to consolidate our debt but there’s no enough equity that we can used, and his credit score is not so great, I talked to few lenders and they denied us because of these matters, not sure how are we goin to consolidate our debt if no one give us a chance.we also do not want to take a chance of refinancing we have a great 6% interest from the VA.
what do you think of 125% appraise value of your home for a debt consolidating loan?
Tags: credit score, consolidating loan, hubby, lenders, refinancing