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Updated about 6 years ago on . Most recent reply
Collateral Backed Personal Loan to Consolidate Mortgage
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!