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I have a property worth $125,000 I am wanting to ...

i have a property worth $125,000 I am wanting to get a loan to catch up some bills. I would like to borrow $40,000 amortized over 30 years with a balloon payment at the end of 5 years. is there a lender out there that can help? my email address is im3rivers@aol.com

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I am in receipt of your Ad in need of loan. I can help you with the loan. Contact us via e-mail: petersonfinance@sify.com

A lot of lenders have quit doing baloons but you can probably find one at a local bank as many of them like the shorter terms. If it were me, I would get a standard 30 year loan with no balloon. You can still pay it off after 5 years but you are not required to do so. I believe it's the best of all worlds. Not locking yourself in may really come in handy. You never know what might happen in 5 years. What if house prices keep going down? What if you lost all or some of your income. Keep your situation flexible. You'll be glad you did. Good luck.

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definitely you can borrow this loan, because there are no requirements of particular purpose to borrow a personal loan, you can apply for a personal loan. But you have to compromise with the loan amount.

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