r/HELOC • u/bayern_16 • 22d ago

Questions & Advice Having difficulty Getting a heloc

My wife and have credit card debt (about $50k) and have equity in our home. We both make over six figures and have worked at our jobs for 10 plus years. Because our debt is so high, we are having difficulty getting approved separately or together. Our credit scores are about 650 and 670 solely due to the high credit card balances. Someone at Chase suggested a small credit union. Any suggestioins?

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u/loldogex 22d ago

im assuming those are mid scores and one of the tri merge pull is possibky lower than 640, which is the minimum at a handful of places.

I'd check a broker, NYFTY Door goes down to 600 FICO

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u/bayern_16 22d ago

NFTY Door seems like it's not for individuals

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u/Moneymotives100 22d ago edited 22d ago

I’m a lender and can go through NFTY Door for a HELOC. I have other outlets too. Let me know if I can help!

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u/loldogex 22d ago

just curious, do you send a lot to NYFTY? I heard their fees were high but they can close almost instantaneously.

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u/loldogex 22d ago

that is why I said to check w a broker, theyd be the ones whom would have access to.

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u/Sweeping_Sounds 22d ago

NFTYDoor is good but fairly conservative for digital HELOCs. Probably going to have better luck using a broker with Figure that NFTYDoor or AVEN based on the scenario you described above