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  Home >> Manage Your Money >> Debt Management  
Managing Debt on Disability

I am selling my home in Easton for $353,000 and I am paying off a home equity loan of $65,000 and other debt of $48,000. I have found a condo, but need an additional $25,000 and I am currently on disability. Is there any possibility of securing this funding?

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A lender will want to see a complete application that provides information on your obligations and income, and will review your credit history. If the loan can be structured in such a way as to make sense for you and the lender, it's likely it can be viable. The only way to know is to start talking with lenders in your area.

Published on BankingQuestions.com 7/14/10