Posted on: 12th Sep, 2009 10:14 am
I brought my home with cash. It is worth $289,000. I want someone to lend me $65,000 to consolidate credit cards and student loans with high interest rates.
you can use your home as a collateral & take mortgage.
You should not have a problem getting that loan. There are a number of loan programs available and with such a low Loan To Value, I do not forsee any mojor issues. Please clarify where the property is located and I'm sure someone within the community can assist you. I hope this helps...
If you have a job and can show that you cna pay back you can take equity loan from yoru house
The Lenders want 2 years of tax returns. We own our own Business and 2007 is too low. 2008 is $24,500 amd 2007 is $10,00 less. We have never made 1 late payment in 28 years. We have $100,000 in IRA accounts. Please help . Leigh C. PA
In such a case, you will have to give your lender 2 years of tax returns. However, if you wish, you can speak to other lenders and check their opinion in this issue.
You need to submit the W2 to show how much money you are making that will be the dterminign factor about how much you qualify
Credit score is one factor in determining the eligibility for loan qualification, but your income dtermines how much you can borrow
Credit score is one factor in determining the eligibility for loan qualification, but your income dtermines how much you can borrow