Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question Where is my best chance to be approved for a home equity line of credit? I've slipped and let me credit score get a little low. Today I applied for a home equity line of credit through CITI where I have my first mortgage and was declined. I would like to obtain this loan to payoff credit card debt and get my finances under control. Where or what financial institution is my best chance to be approved for a home equity loan or line of credit? By Unbreakable Posted on 05/27/09 Total Answers 2 Answers- Ask Citi why they declined it.... and then work on the areas you need to improve to qualify for this type of loan. Be careful not to run from one bank to another... everytime they check your credit... your score drops even further. If Citi, who holds your mortgage, does not approve you... then chances are no other bank will do it either. Ask yourself: Do you have enough equity built up in your house? What is your house worth right now. Compare listing prices of similar homes in your area. How much of the mortgage is paid off already? If you bought within the last 5 years... chances are you still owe too much to qualify for a home equity line of credit. Cut up the credit cards and start paying them down... the times when you got a HELOC to pay off the cards are over. Answer by : Reena On Date 2009-05-27 18:22:40 If Citi denied it, everyone else probably will also. You might try Regions Bank. I had good luck with ones I have with them. Answer by : Stephen T On Date 2009-05-27 18:28:48   Go Back To Search Results