Are you sure you have more than one missed mortgage payment in the past 12 months? I would assume you have tried to obtain an equity line of credit or you question would not specifically be directed to it being a problem in acquiring the loan. There is a private money lender, providing you possess at least 30% equity in the property (better than redoing your entire loan with a private money lender).who provides home equity lines of credit. If you can get the mortgage company to at least reduce it to one 30 day late in the past 12 months you should be able to qualify with any bank or credit union providing you meet other qualifying criteria.It has been done but generally it is because the loan servicing company is at fault in some way. If you want the contact information for the private money lenderin Southern California please contact me through my profile.
More info needed, but there are options.. How much is the property worth? What is your balance? How many payments have you missed? Why were the payments missed? I'd be happy to look at your complete loan scenario to see what we can do.. I'm a preferred Lender with Arizona and California 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
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