Refinancing on home equity alone
Home is worth $900.000, current mortgage is at $375,000 and is up for renewal. Credit card debt is bad at $85,000. Recent self employed, with very little to no income (after expenses). This is improving but the business is less than 1 year old. Looking to get a mortgage for $480K to pay off credit card debt.
Anyone know of a lender that would advance the morgage, basically on the equity in the home alone?
Thank you for any recommendations.