Obviously, without knowing the details of your financial situation,
it's impossible to give a good answer to the question. But in general,
I would advise the following, in order of advisability:
1. Sell assets. If you have stocks, bonds, CDs, money in a savings
account, anything vaguely liquid -- the rate of return you are getting
on these things is going to be lower than the interest you're going to
have to pay on the money that you borrow. So you're better off with
just a share in a house than you are with a share in a house, a
$17,000 loan, and a $17,000 stock portfolio.
2. Borrow against something. Secured loans come at lower interest
rates than unsecured loans. You don't want to remortgage, so look for
any other asset you might have which you could use as security.
Alternatively, find a rich friend or relation who could guarantee the
loan.
3. Take out an unsecured loan, from your bank or a local credit union.
Other options, such as credit cards or theft, are not advised. |
