[doran]

We have a Villa that is only three years old--it is paid in full--we need to do some work on the home for health reasons and would like to get a loan of $30.000.00 using the home as security--With monthly payments--
If you are interested please call me ask for Ed or Susan

352-633-8185

[jane032657]

Why don't you look at a reverse mortgage?

[doran]

Not old enough for this type of loan

[Challenger]

Originally Posted by doran

We have a Villa that is only three years old--it is paid in full--we need to do some work on the home for health reasons and would like to get a loan of $30.000.00 using the home as security--With monthly payments--
If you are interested please call me ask for Ed or Susan

352-633-8185

Home equity loan at almost any bank!

[justjim]

Shop around for a home equity loan at several financial institutions including credit unions. Trust me---there is a difference!

[jnieman]

Try quicken loans.

[villagetinker]

Home equity is the way to go, and you can deduct the interest.

[OBXNana]

Do you have an account with a local bank? A lending officer can sit down with you and explain your options. Some banks and credit unions reduce the interest rate, a small amount, but adds up over time, if you are a customer and/or have the payment taken directly from your account with their bank.

A mortgage or line of credit would be your best options and both can be explained by a lender.

Best of luck.

[rjm1cc]

Interesting. I assume you are offering a fellow villager a chance to earn a higher rate of interest and you save some money too. Not a bad idea.

You night look at www.lendingclub.com/‎ for a personnel loan.
There is another lender doing similar loans but I can not find its name.
A mortgage from a credit union etc. might be cheaper, lending club makes unsecuried loans as I recall.

[llaran]

Go to TRUSTCO BANK, Talk to George the manager. Trustco is in the strip next to Home Depot and behind Panda Express.

[asianthree]

Have you thought of doing renovations in stages and paying off as you go