Russell used to work for a law firm specializing oh foreclosure homes. Some of these houses were acquired through home Loans financing. At first, I am really having a hard time what does unsecured loans mean. Then Russell explained it to me thoroughly. There are lots of financial services that provides low-interest home owner loans and most of them offers real tempting deals. While interest rates may vary according to one's credit profile, most of these lenders offers no minimum loan amount (though you can only borrow as much as $25,000- most of the time). As he explained this to me, I can't understand how a homeowner loses his house given these options that he can choose. If it's me, I would have paid my monthly mortgage on a piece-meal basis just to save my house. Hmmm..I guess people just uses their own strategies. While some might work, some might not. |
