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If she expects to be able to pay it back in the future, she could take a second mortgage against whatever equity she has in the house. http://en.wikipedia.org/
by jluxenberg 16y ago
If she expects to be able to pay it back in the future, she could take a second mortgage against whatever equity she has in the house.
http://en.wikipedia.org/wiki/Home_equity_loan http://en.wikipedia.org/wiki/Home_equity_loan
http://en.wikipedia.org/wiki/Home_equity_line_of_credit http://en.wikipedia.org/wiki/Home_equity_line_of_credit
- isthereawayout 16y agoI'm not really sure this is applicable. Banks here work differently from those in USA or EU, they won't give you a loan 90% of the time if you got a mortgage on your hands. Sounds impossible? Well, people don't trust banks and banks don't trust people. Thanks for advice anyway.
- ars 16y agoIt would be helpful if you said where "here" is.
- isthereawayout 16y agoSorry, but no. No hard feelings, please.
- ars 16y agoNot even the country? Certainly no hard feelings, but I think you would have gotten better answers. I hope that answers you did get helped you.