unemployed and savings are running low. Can I pull money out of my home without having a job?

The only option I know of would be a "Hard Money" lender. They would require a lot of equity in the home (probably 40% of value) and the rate will be in the teens. Basically, equivalent to a credit card. We don't offer loan programs like this but perhaps you could look in the Deseret News/Salt Lake Tribune or perhaps on KSL.com, under the "Money To Lend" section. Hope that helps.Good luck!

There is no conventional loan product that will allow you to get financing without a verifiable/acceptable source of income. This is why most financial advisers suggest you pull your equity out every few years.. Owning a home is a good financial tool to gain financially, but it does not pass the test of a "Secure" investment.. and your situation is one that I use as an example all the time.. if you get sick or injured and cannot work, or you had to quit your job to take care of a sick/injured spouse/child/parent, and all of a sudden you need to tap into your home's equity, you cannot do it because you do not have verifiable income.. you could have paid double the mortgage payments for 10 years, but you miss one payment, and the lender will attempt to foreclose.. Sadly, if you need your home's equity, there are very limited options.. One is Hard Money.. terrible rates and outrageous fees.. or you sell.. but aside from that, you wont be able to get a loan. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Not with any traditional loan. The law of the land requires you to prove and document enough monthly income to safely make the loan payments.