Posted on: 04th May, 2010 08:34 pm
we would like to settle a lot of debt to reduce our monthly expenditures. If we could consolidate a lot of debt, we could improve our overall financial for our family of five.
hi shearerhend,
do you have equity in your property? if yes, then you will be able to get a second mortgage. you can use the proceeds to pay off the debts. however, if you do not have equity, getting a second mortgage will be difficult for you.
thanks
do you have equity in your property? if yes, then you will be able to get a second mortgage. you can use the proceeds to pay off the debts. however, if you do not have equity, getting a second mortgage will be difficult for you.
thanks
yes we do have equity. we do want to pay off some debt to decrease our monthly expenditures. we are in hendersonville,tn. i don't know if you are in a position to help or not, if not, please guide me in the direction of someone in my area please. thanks for your help.
tommy
tommy
Hi tommy,
If you've equity in the property and meet the other required criteria of the lender, then you'll be able to get a second mortgage. You can contact your present lender for the second loan or can contact other local lender and get qualified for it.
This community has a large number of lenders and you can seek a no obligation free mortgage consultation from them. This will help you know whether or not you'll be able to get a mortgage and what type of rates and terms you will get.
Take care.
If you've equity in the property and meet the other required criteria of the lender, then you'll be able to get a second mortgage. You can contact your present lender for the second loan or can contact other local lender and get qualified for it.
This community has a large number of lenders and you can seek a no obligation free mortgage consultation from them. This will help you know whether or not you'll be able to get a mortgage and what type of rates and terms you will get.
Take care.