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Updated about 6 years ago on . Most recent reply

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Giulio Pileggi
  • Ambler, PA
0
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2
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Collateral Backed Personal Loan to Consolidate Mortgage

Giulio Pileggi
  • Ambler, PA
Posted

Hi All,

Does anyone have any experience in consolidating a mortgage with unfavorable terms (monthly finance charge, adjustable rate) privately.  Traditional financing would be the standard route, however there are some challenges preventing that.  I'm looking for the following

$150K - $180K

Fixede Rate

Minimum 15 year term

Secured Debt Collateral:

Single Family Home - $350K~ valuation

Existing loan - $150K

Does anyone have any suggestions?

Thanks!

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