Mortgage lead for Residential loan in Jersey City, NJ, 07306

Date Posted

4/13/2026 10:16:25 AM

Property at

Jersey City, NJ, 07306, USA Show Map

Borrower at

Property Type

Residential

Property Value

$850,000

Amount of Existing Loans

$523,810

Loan Request

$110,000

LTV

74.56 %

Credit Rating

600-619

Net Worth

$100,000 - $150,000

Loan Purpose

Second, Third or HELOC

Purpose

I am a property owner seeking an asset-based home equity loan on my multi-family property located at 312 Duncan Ave, Jersey City, NJ 07306, valued at approximately $850,000. The purpose of this loan is to consolidate a mix of high interest credit card debt and personal loans totaling between $50,000 - $60,000 that have become unmanageable.

Over the past year I experienced a period of unemployment for a few months which caused me to fall behind on some bills. I am now back on my feet earning a solid six figure income, however the high interest rates on my credit cards have made it extremely difficult to get ahead despite my income recovery. This loan would allow me to consolidate that debt into one manageable payment and get back on track financially.

This property is more than an investment to me, it is my family's home. We have built our life here and are deeply committed to keeping it. I have significant equity in this property and am simply looking for an opportunity to stabilize my finances and protect what we have worked hard to build. I am a responsible property owner with a strong asset and a clear plan to resolve my debt obligations with the proceeds of this loan.

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Loan Request for Residential loan in Jersey City, NJ, 07306