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I am trying to get a Home Equity Line of Credit from my primary Mortgage holder on short notice.
How hard should this be ?
They took my information 2 days ago and said it should be a breeze but now thyere not returning my calls.
My house is worth 399k , I have 165k in equity and am asking for home equity line of credit of just 15,000
This is an emergency situation and i have no one to turn to otherwise.
If they turn me down, how easy is the process with another lender ?
I really need a no doc fast deal.

2 Thoughts on Home Equity Line of Credit ? No Doc ?
  1. Reply
    February 13, 2014 at 1:16 am

    With the current market problems a no doc loan is almost impossible. If you have a good banking relationship check with them. Bank of America, Chase and Wells Fargo can do equity loans if you have good credit and plenty of equity.

  2. Reply
    Mr. helper
    February 13, 2014 at 2:13 am

    It shouldn’t be that hard depending on your credit score. Seems like you have the equity if your figures are correct. If I were you I would go into a local bank like WAMU or BofA and apply for one. They should approve you on the spot! Good luck!

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