Posted on: 13th Aug, 2009 08:04 pm
Most lenders will not give me a consolidation loan since my townhouse is valued less then $50,000. Come on I got a loan for it in the first place why not a loan on now?
Hi break,
Things have changed drastically over a few years since you got the first loan. Depression in the economy has caused changes in the mortgage industry. Qualifying criteria for loans are now stricter than before. However, some lenders may still offer you a consollidation loan, provided you have good credit and income. There are lenders in this community from whom you can seek a no obligation free mortgage quote. They will assess your credit, financial situation, value of the property etc. If you qualify, they will get in touch with you and will offer you free mortgage quotes with no obligation attached to them.
Things have changed drastically over a few years since you got the first loan. Depression in the economy has caused changes in the mortgage industry. Qualifying criteria for loans are now stricter than before. However, some lenders may still offer you a consollidation loan, provided you have good credit and income. There are lenders in this community from whom you can seek a no obligation free mortgage quote. They will assess your credit, financial situation, value of the property etc. If you qualify, they will get in touch with you and will offer you free mortgage quotes with no obligation attached to them.
Hi Jenkin,
I am not fully agree with you.
Though the rules are strict as far as mortgage loans are concern but in this recession period the loans are readly available and interest rates are coming down drastically so i think to get loan is not so difficult task in this situation.
I do not know wheather other reasons may be obstacles for getting loan.
Please specify your question Break.
I am not fully agree with you.
Though the rules are strict as far as mortgage loans are concern but in this recession period the loans are readly available and interest rates are coming down drastically so i think to get loan is not so difficult task in this situation.
I do not know wheather other reasons may be obstacles for getting loan.
Please specify your question Break.
Really
I am not sure where is this person living and for sure not in reality
I am not sure where is this person living and for sure not in reality