Loans for Home Improvement and Debt Consolidation
Date: Tue, 04/18/2006 - 04:55
I would like to suggest to all those who are looking out for any of this, to get in touch with these people who would provide you with all the support for your dream to come true.
Links deleted as per forum rules-Mike
Peter, I am sure you are trying to be helpful and I am not tryin
Peter, I am sure you are trying to be helpful and I am not trying to contradict your post, but I do feel the need to step in and warn everyone. Refinancing a home to pay off debt can be risky. You are basically turning unsecured debts into debt secured by your home. If something were to happen and you cannot pay off the debt, you run the risk of losing your home. Another problem is that many people with negative items on their credit will be unable to qualify for a loan at favorable terms. Any loan they do get will be sub-prime and likely predatory, which will leave them no better off than they were originally. In cases like these, debt consolidation through a debt management plan is often a better option (although it is important to look at each individual situation closely before deciding).
I will go with dmj. You never know what is going to happen tomor
I will go with dmj. You never know what is going to happen tomorrow. So if you default in future, you will surely lose your home.
Kalevala is from the mortgage industry, she has also alerted people about the risks of refinancing. It seems debt consolidation is the most handy approach to your unsecured debts.
http://forums.debtcc.com/forums/refinance-home.html
