Would this work for selling my home?
Sell home, and once offer is made and accepted get an unsecured loan for the remaining balance of what wouldn’t cover my 2nd mortgage. Pay that before the house closes, then after the sale is final, the 1st and second mortgage will be paid in full and I will just be left with the balance of the personal loan.
No, I’m not high – our bank already told us they could get us the $ 20,000 that we need in an unsecured loan. It’s just a higher interest rate and for a shorter term.