AboutFinance Guy Expertise 1. All questions relating to finance
2. All practical aspects of mergers and acquisitions
3. Many general business questions
Experience Considerable experience in the area consisting of 25 years in both consumer and commercial finance and business management, including 15 years specializing in international Mergers and Acquisitions with over $100 billion in assets acquired
Education/Credentials Business administration undergrad
Wharton post grad in finance
Awards and Honors numerous corporate awards
Past/Present clients range from small enterprenurial companies to large multinationals
Question Hi! My husband and I got "stuck" with a second home which we purchased to move into. We have a mortgage on that home but not on the home we are currently living in. I just received notice that I am being laid off in a week from my job. He is retired.
We are trying to figure out financially what to do. Our mortgage is with Chase at 6.75%. We are finding it impossible to either sell that house or even rent it so we need to get the payments as low as possible. The stimulus package does not seem to cover our situation even though many people are in the same situation.
Do you have any advice? Any thoughts on HELOC loans and where to get them?
Thanks,
Nancy Kreglow
Answer Nancy,
So sorry to hear of your and your husband's situation.
Before I can offer anything, I need to know a little more about
the details.
If you like to do this more privately, you can e-mail me "off line" at
ron999d@yahoo.com.
