Have Finance Questions? Ask a Financial Expert Online.
Good morning. My name is ***** ***** I look forward to helping you.
Can you provide me a bit more information? What is the value of the property? Any existing mortgages? If so, what is the outstanding balance. How much are you trying to borrow? What is your credit rating? Thanks.
Thanks for responding. This should be very easy for you to get down. I would start with your existing lender or at a bank where you have an existing relationship. Given the loan amount you're are seeking as compared to the equity, along with your credit rating, either should be willing to provide you the loan.
Thanks for following up. Have you simply tried to get an unsecured personal loan based on your credit rating?
I would also suggest contacting a commercial mortgage broker, especially one in the city where the property is located. They are excellent sources. :)