Posted on: 16th Aug, 2008 02:30 pm
I NEED A COLLATERAL LOAN FOR THE AMOUNT 10000 ON MY HOME
welcome mjoann.
i feel you can take a second mortgage or a home equity loan if you have good equity on property. by the way how good is your credit score? have you contacted with any mortgage company to get the loan?
i feel you can take a second mortgage or a home equity loan if you have good equity on property. by the way how good is your credit score? have you contacted with any mortgage company to get the loan?
Hi Mjoann,
Welcome to forums.
So you need $10,000 as the loan amount? can you tell what's your purpose of taking the loan?
Do you already have a mortgage on your home? yes a second mortgage can be an option but I would suggest a cash-out refinance wherein you can refinance the existing loan and take out extra cash. It's all about whether you're comfortable managing 1 loan or many.
What you can do is, seek a no-obligation free loan consultation on the right mortgage that would suit your purpose.
Thanks
Welcome to forums.
So you need $10,000 as the loan amount? can you tell what's your purpose of taking the loan?
Do you already have a mortgage on your home? yes a second mortgage can be an option but I would suggest a cash-out refinance wherein you can refinance the existing loan and take out extra cash. It's all about whether you're comfortable managing 1 loan or many.
What you can do is, seek a no-obligation free loan consultation on the right mortgage that would suit your purpose.
Thanks