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can Iborrow small amount of money and still put my house up as collateral

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gwenblk Joined: 12 Oct 2010 Posts: 1 1.00 Dollars($)	Posted: Tue Oct 12, 2010 9:15 pm    Post subject: can Iborrow small amount of money and still put my house up Like 0 Dislike 0 I own my home free and clear but I have some work I want to do on my house I am not looking to borrow a lot of money i just want to borrow around 2000 is there a bank that will lend me that amount and I will put up my house for colateral because I dont have good credit and I would like to keep my payments around 50-100 dollars a month
adonis Joined: 22 Oct 2005 Posts: 10569 Location: ALASKA 1090.22 Dollars($)	Posted: Tue Oct 12, 2010 10:47 pm    Post subject: Like 0 Dislike 0 Hi gwenblk, It won't be a sensible option to use the property as a collateral for such a paltry sum of money. Rather, you can contact lenders giving personal loans and take advantage of those loans. _________________ Procrastination is the enemy of your financial success

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