Comments on: where can I find a loan for a down payment, secured by collateral other than the home?

By: blanksmerchandisedotcom

blanksmerchandisedotcom — Mon, 15 Mar 2010 22:06:17 +0000

Try this site

By: Chihuahua Mom

Chihuahua Mom — Mon, 15 Mar 2010 00:45:23 +0000

You can borrow against any REAL property for a down payment and not be penalized. By real property I mean something of value not a signature loan. A number of lenders do not verify the source of a down payment so long as you state on your application you have the money and in what account. The check for your earnest money and down payment needs to come from the same bank as you listed on your application. If your lender allows this type of verification the down payment could come from anywhere (including family/friend loan). Then once you sell your stock you could pay that back.

By: johnny Fu@*!n gilbert

johnny Fu@*!n gilbert — Fri, 12 Mar 2010 05:07:33 +0000

The loan againsed your home is probably the only way because otherwise it looks like you want to take the only way because otherwise it looks like you want to take the loan againsed.

By: VaTreasures

VaTreasures — Wed, 10 Mar 2010 08:39:23 +0000

Assuming you can qualify for it, try getting an 80%/20% loan for your home. Make sure the 20% loan does not have a pre-payment penalty and you can pay it once you sell your stock.

By: robbie

robbie — Tue, 09 Mar 2010 15:29:14 +0000

I would think that you may be able to use your stock as collateral, plus your income statement.
Don’t tell them you want to borrow for a downpayment, they’ll shoot you down.
Debt consolidation is good.