My husband and I closed on our first home on 8/31. Our loan was financed 100%. We are now looking to consolidate our credit and auto debt into one along with major home improvements that need to be done. . They total $35k. Where is the best place to go to apply for a personal loan or line of credit for at least $60, 000. Thank you for any insight!

Go to the bank that gave you the 100% home mortgage. They might be willing to extend you more credit.With all the mortgage upheaval, you may have to wait on the major home improvements until you have some equity in your house. Not so willing to loan more money on top of all the other debt load you're carrying. Worth a try though. It also depends on your ratio of income and debt too.

This might be difficult given the current situation in the credit market. No lender is going to be very excited about lending beyond 100% of the value of the asset. A personal loan is going to charge relatively high rates since it is not backed by an asset and is higher risk.

Hello.You are welcome to Dr Mr Paul Duca loan investment company and if you are in need of a any financial assistance this can be solve to your porblem.Do you need a loan? We do all kind of loan you are in need here in this company soyou can apply now.Email Via;paul_loaninvestmentcompany@yahoo.comHope here from you soon.Dr Mr Paul Duca.

personal loans normally carry a higher rate of interest. This is because of the higher risk potential in such loans. One may also be overcharged on this account. The borrowers are asked to pay a hefty charge and have to face some inflexible terms of payment. Nevertheless, there are lenders who charge reasonably lower rates of interestcomfort and a future comfort also leads to this trap. Deciding the monthly repayments and the number of installments further strain your mental faculties. An expert advice from knowledgeable people will help in this decision. Being aware of ones financial condition, the borrower can decide the various details of the loan in a much better manner. Thus, the final decision is reserved with the borrower himself.