we are "upside down" on our house; we owe more than the house is worth. We want a $30,000.00 personal loan and?
realize the interest rate will be high. we have 0 equity in our house. we can easily make the payment, though. do we go through a bank or use an on-line personal loan company like unsecuredloans.com or something similar?
- BootsLv 79 years agoFavorite Answer
I would talk to a brick and mortar bank. I'd start with the bank you have your accounts with and also try a local credit union or small regional bank. I don't trust the online stuff.
- ?Lv 79 years ago
Being upside down on your house does not enter into you qualifying for a loan.
Go to your bank and take a personal loan with payments automatically paid from your checking account. Bank only cares about your income and ability to repay the loan.