Posted on: 04th Jun, 2013 01:27 am
I have to pay off my condo membership fees. Can I take out a mortgage for it?
No one takes out a mortgage to pay off condo membership fees. Mortgage is mainly taken out for bigger purchases. If you have any emergency, then you can try taking out a small personal loan and sort out the matter.
Hi bobo,
Taking out a mortgage to pay off condo membership fees will be the last thing that you can do. Why jeopardise your property just to pay off a membership fee? Follow what Niicss has said.
Thanks
Taking out a mortgage to pay off condo membership fees will be the last thing that you can do. Why jeopardise your property just to pay off a membership fee? Follow what Niicss has said.
Thanks