I have a home(appraised @ $425,000, a mortgage @ 291,000, credit card debt @ 95,000.?

We have a small business and slow economy that caused all the debt. According to the bank we can%26#039;t get a equity line of credit because our debt to ratio is too high. So what is our option?

I have a home(appraised @ $425,000, a mortgage @ 291,000, credit card debt @ 95,000.?

you can sale your home and pay off the cards.

I have a home(appraised @ $425,000, a mortgage @ 291,000, credit card debt @ 95,000.?

Sell your home and pay off your debts.

I have a home(appraised @ $425,000, a mortgage @ 291,000, credit card debt @ 95,000.?

IF YOU LIVE IN THE U.S.A. USE HJR-192 TO KILL YOUR DEBT OUT RIGHT. HERE IS A LINK TO LEARN MORE http://www.lawresearchgroup.com/cart/hom... O YEA ONE MORE USE THE LAW TO GET OUT OF FED. INCOME TAXES. THAT HELPS BUNCHES.

I have a home(appraised @ $425,000, a mortgage @ 291,000, credit card debt @ 95,000.?

If you are really in a pinch and want to keep your home and not go all the way into bankcruptcy which is very hard to file nowadays anyway, you might consider a debt management program for your credit card debts only. That way you start getting those credit cards paid and out of debt on that end alot sooner than you are probably able to do now.

I have a home(appraised @ $425,000, a mortgage @ 291,000, credit card debt @ 95,000.?

Your equity is quite high, you can get some cash out, though rate may be higher due to higher DTI. I can help you with it. I work with a big direct lender/mortgage broker doing business in 48 states, and because the huge volumn of business we do, we get better rate than smaller brokers. We have over 200 loan programs to meet the needs of different situations, from good FICO score and good income and down payment, to poor FICO score and NO income (called %26quot;stated income%26quot;) and NO down payment, so I will be able to find the program which best fits your needs. Contact me at xjuy@yahoo.com or 408-476-0455 and I can help you. Jessica

I have a home(appraised @ $425,000, a mortgage @ 291,000, credit card debt @ 95,000.?

Your options depend on your needs. Why don%26#039;t you pay off your credit card debt, and then close some of the credit cards, so you don%26#039;t get into this situation again.

I don%26#039;t intend to be mean, but if you have an unprofitable small business, you don%26#039;t need a loan or line of credit. What you need is a profitable business, or to find employement that pays the bills. I tend to agree with the bank.

There are products out there that can get you money to pay off your credit cards using the equity in your home. However, if you are just further into debt (without any equity in your home), are you really be better off?

I think your options are to use the assets you have to make money with your small business, or find employment somewhere that will pay you...