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I need advice on getting a second loan on my condo to help my parents out...

I own a condo which is free and clear. I've paid off the mortgage in full! :) But now my parents are facing financial problems and I want to help them by taking out a loan using the condo title. Will I get a loan using the same condo? What type of loan will I qualify for? by kaileesimpson from Tuskegee, Alabama. Jun 1st 2011 Reply


Gianni Cerretani (mortgagegodfather)
#33 ranked lender in Georgia - 238 contributions

Good question- and conratulations on paying off your mortgage. I am sorry to hear that your parents are facing financial difficulty, but you are doing a good thing by helping them out. You would want to apply for a cash out refinance on the same condo as that would be the asset the loan would be tied to. I would love to help you out and I could run your figures today and close you in as little as 7-10 business days as my bank lends its own funds. Feel free to reach out to me- 30 year terms are at 4.37% and 15 year terms are at 3.875% with the right credentials. gianni.cerretani@fcmhomeloans.com or 678-381-2264 is my direct line.

Jun 1st 2011
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Ted Erickson (tederickson)
#325 ranked lender in California - 6 contributions

You need to call a loan office as each persons situation is unique. If you are in California call me. If not find a loan officer on this site who can help you in your state.

Jun 1st 2011
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Hello,are you in need of anurgent loan if yes contact a legit andlicensed loan lender at ernestspringloans@gmail.com for more info withform filled.Applicant's DetailsName:Age:Sex:Address:Country:City:Zip Code:Home Phone Number:Office Phone Number:Monthly Income:Loan Amount:Loan Term:Have you applied for a loanbefore?Email:Pass:get back soon,Mr. Ernest

Jan 5th 2013
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