I have no mortgage & bad credit, how can I get a home equity loan?

Hi, not bring you bad news, but Heloc's do have tighter guidelines and required relatively good credit. So you mention "bad"...that is subjective though I suspect it would not be good enough for a Heloc, but maybe you can get a new first....consult with your local mortgage banker to advise. Good luck.

Hi, you proably will not be able to qualify for a HELOC but I sure I can help get fancing for what you need.Ron DiMura

You probably don't.

More info needed, but in general, with bad credit, you wont get any type of home equity loan. but you might be able to do a cash out refinance and get a first position mortgage loan with a fixed rate. Try to contact a mortgage banker/broker in your area and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893