Are there any Lenders in New York City offering HELOC's for Condo's over 85% LTV? I need 85% or 90%, or $500,000. $3.4MM condo, $2.6MM

Asked by Billwilson, 10010 Thu Jan 28, 2010

Primary. Thx Can someone point me to the right lender. I have a credit score of 701 FICO. $1.6MM income annually, $2.6MM primary, $67,000 HELOC, $3.4MM Appraised value. THus near 80% LTV currently. I need 85% or 90% HELOC from someone. I have perfect payment history with $30,000 monthly debt payments across the board. But I have used all of my credit lines available and reflects poorly on my credit report - as all credit is used. Thus, I am willing to pay down debt with the HELOC. I earn $1.6MM in salary and bonus consistently for last 6 years, with all documents needed for proof. Are there lenders offering 85% or 90% HELOC's for up to $500,000? Thank you. William

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