My husbands employer wants us to move out of state but the market is bad and we have a second mortgage?

tjw asked:


How can I satisfy the second mortgage when the employer will only pay off the 1st mortgage. Can I get a personal loan to pay it off. Will a bank loan me 80,000 to pay it off??? Sorry I wasn’t clear before.

Derrick

Tags: Bank Loan, Personal Loan, Second Mortgage

This entry was posted on Thursday, July 9th, 2009 at 2:17 am and is filed under Mortgage. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

3 Responses to “My husbands employer wants us to move out of state but the market is bad and we have a second mortgage?”

1. Vera S Says:
   July 10th, 2009 at 7:18 pm

   June

   $80,000 on a second? Lordy!!

2. Maria D Says:
   July 14th, 2009 at 3:16 am

   Carl

   Yes you can get a personal loan. All you can know about personal loan from this site. It gives some reliable, safe and highly useful links. It will help you a lot as it helped me.

3. Kristine Says:
   July 14th, 2009 at 7:29 am

   Leslie

   I would let the employer pay the first mortgage, then put the house up for sale. In the meantime, find a nice home to rent in your new area. I don’t know how much your home is worth, but if you only owe $80,000 and sell it for much more, you could take the excess and put it on a downpayment in your new area. It sounds like a lot at first, but it could really work to your advantage.