If your friend regains full employment within six months or so, the lender might be willing to do a loan modification where all of the back payments are added to principal, but the contract starts fresh (and
usually at a better interest rate).
Not exact matches
This line of credit
usually carries lower variable
interest rates which let's you take advantage of
good market conditions and get money
at probably the lowest
rates on the private financial market.
But
interest rates these days are hovering
at roughly the same levels, regardless of where you look, so if you're going to open an account, it's
usually with institutions you trust, that have a
good reputation and whom you are familiar with.
With fiscal spending
at an all time high, we can expect it to be a
good while before we make sustained gains in the market (
usually fiscal spending like this brings the economy out of recession, sparks inflation, then
interest rate hikes and taxes, and then another recession before it's all worked out).
Loans are also available from the Department of Veteran Affairs to buy, build, or improve a home, as
well as refinance an existing loan
at interest rates that are
usually lower than that on conventional loans.