Normally, people tend to avoid this method since it actually jeopardizes your house. However, it can the best option if your credit history does not work in your favor. There is a common situation where people actually have a bigger debt than what their house is worth but the fact remains that you have equity claims on the property. By using such equity, there are low-interest loans that you can access and repay in time. Apply for a loan at credit unions Credit unions function like banks. The difference is that the ownership goes to the members, who normally have a common interest. In fact, they are not focused on profit making but rather on customer service and granting members benefits at a lower fee. There are several credit unions which you can get a loan from. Compare their terms and select the one that fits your needs and abilities. Use the peer to peer lending system The peer to peer system has been around for almost a decade and it usually comes in the form of an online platform. Borrowers and lenders meet directly without having to go through an institution. Both parties gain in that the borrower can bargain for low interest while the lender can get high returns. Acquire loans from family members and friends It is likely that family members will be willing to lend you the amount if no one else is interested in doing so. It is important that you treat such loans seriously and pay them back in time. You could also create a written agreement to avoid complications later. Look for a co-signer who has a good credit history The co-signer has to understand your situation and trust you in order to comfortably do you the favour. Remember that he or she will be fully responsible in case you default.