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06-22-2005, 07:34 AM
| | Junior Member | | Join Date: Jun 2005 Location: florida
Posts: 1
| |  scared to take out second loan on house
What is the name of your state? "florida"
Hi,Im getting ready to take out a second loan for my house,I already took out 45,000 dollars 3 years ago and the loan company took 20,000 as the interest.It came out to be a four year penalty term.I pay 588.00 a month on this loan.I got screwed big time!,,,My house is now worth 210,000,last time I did this it was worth 140,000.Now my problem is the loan guy we are going to is saying that the interest rates are low,and that I can take out another 100,000 dollars with no problem.What do I need to watch out for?I dont trust these people.I dont know anything about this stuff,please help me.I cant afford a lawyer .Please let me know what to watch out for getting a second loan,,
Last edited by miamifitness; 06-22-2005 at 07:55 AM.
Reason: have to fix it
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06-22-2005, 08:30 AM
| | Senior Member | | Join Date: Jun 2000 Location: Somnambulist University
Posts: 39,512
| | Quote: |
Originally Posted by miamifitness Please let me know what to watch out for getting a second loan,, | Your question(s) have nothing to do with the law. Talk with a good local CPA or financial adviser.
__________________
There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution).
Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport!
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06-22-2005, 08:49 AM
| | Senior Member | | Join Date: May 2000 Location: Catatonic State
Posts: 75,781
| | Quote: |
Originally Posted by miamifitness What is the name of your state? "florida"
Hi,Im getting ready to take out a second loan for my house,I already took out 45,000 dollars 3 years ago and the loan company took 20,000 as the interest.It came out to be a four year penalty term.I pay 588.00 a month on this loan.I got screwed big time!,,,My house is now worth 210,000,last time I did this it was worth 140,000.Now my problem is the loan guy we are going to is saying that the interest rates are low,and that I can take out another 100,000 dollars with no problem.What do I need to watch out for?I dont trust these people.I dont know anything about this stuff,please help me.I cant afford a lawyer .Please let me know what to watch out for getting a second loan,, | **A: watch out for the scam. | |
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