Posted on: 05th Jan, 2010 02:03 pm
Are there lenders who do collateral assignment loans based on your life insurance policy? My insurance company - Primerica - said that this type of loan was OK against my policy. However I can't find any lenders. I do not have alot of equity in my home and want to eliminate my outstanding debt.
Hi chrissyanderson!
Welcome to forums!
I don't think there are a lot of lenders who would be ready to do collateral assignment loans based on your life insurance policy. You may speak to your present lender and check out if he is ready to give you such a loan. You may even seek a no obligation free mortgage consultation from the lenders of this community and check out if you can qualify for such a loan.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I don't think there are a lot of lenders who would be ready to do collateral assignment loans based on your life insurance policy. You may speak to your present lender and check out if he is ready to give you such a loan. You may even seek a no obligation free mortgage consultation from the lenders of this community and check out if you can qualify for such a loan.
Feel free to ask if you've further queries.
Sussane