problem with a home loan?
My grandmother owns several rental properties in need of repair. There is no mortgage on the property. She was denied a home equity loan due to her having no “credit”. She is 90 yrs old, and has paid cash most of her life. I have co-signed the paperwork for the loan, as I am her Power of Attorney, but it was still denied. I was told I could not get the loan on my own because her name is the only name on the deeds to the property. Can you advise me on how we can get a loan processed with the equity in the property. The property is in Massachusetts.