Question: i own my home outright can i get a home equity loan with bad credit?
Answer: Getting a home equity loan with bad credit requires a debt-to-income ratio in the lower 40s or less, a credit score of 620 or higher and home value of 10-20% more than you owe. ... A home equity loan can allow a lump sum withdrawal of cash while a home equity line of credit provides as-you-need-it access.