Dec
19
I need a loan for further education (after uni) is it possible to get a loan which is secured by my mums house
By
I have recently graduated from university and I am finding it difficult to make a break into the industry that I studied without possessing further practical qualifications. The problem that faces me is that I would like to attend a 4 month fastrack course which will give me all the extra qualifications required but I can not afford to do so without borrowing money. I realise that their is the option of a Career Development Loan, however I am looking for around £14,400 which is about £6,400 more than the CDL covers. My mother, who is a widowed housewife, owns our house outright (value of around £320,000) and has a steady income to keep herself going from capital in the bank. She is willing to back a loan for me using her house as a guarantee. My question is whether or not this is possible and with who? Many thanks.
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5 Comments
December 20th, 2009 at 7:17 am
Yes, it is possible..any bank can help with that kind of loan..
December 21st, 2009 at 5:31 pm
If you are looking a loan for education, probably you will be a student. Why not you try finding student loans? Student Loan can be sought through many different avenues. It all depends on your personal credit rating. The biggest challenge is finding one that offers the lowest interest rate.There are various routes to explore when seeking out a bad credit student loan and I would suggest that your first port of call would be the school for which you are about to attend. You will need to fill out a FAFSA form in order to initially apply for a federal loan. Perkins loans are combined school and government funds. A combination loan may be another alternative way of acquiring a bad credit student loan. This type of student loan enables you to consolidatestudent loans defer your payment until you have finished college. This in turn will allow you time to improve your credit rating and when you leave college you could then look into consolidating your bad credit student loan at a better interest rate. This will mean your monthly payments will be at a lower level and therefore more affordable.
December 24th, 2009 at 11:13 am
Please leave your mama’s house out of this. Find another way!
December 27th, 2009 at 12:39 pm
contact one Mr Willson with this e-mail address he can help you out.
December 28th, 2009 at 11:24 pm
yes, you can. I found interesting information about your answer, college loans, scholarships, college grants & partime works here.http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.htmlGood luck!