Prosper/Lending Club terms?

[Gone Fishing]

I have a good friend that needs to refi his mortgage but he is underwater a bit, probably 105% LTV or so and will need to find $30k or so to get a conventional 80% LTV loan.  We are hatching a plan to try and fund the $30k with a unsecured Prosper or Lending Club loan.  His credit score is good, probably in the mid 700's, but the biggest factor will be getting longer terms so his payment doesn't go up too much.  What is the longest amortization these outfits offer? Also, any guesses on rates?

[Gone Fishing]

I have a good friend that needs to refi his mortgage but he is underwater a bit, probably 105% LTV or so and will need to find $30k or so to get a conventional 80% LTV loan.  We are hatching a plan to try and fund the $30k with a unsecured Prosper or Lending Club loan.  His credit score is good, probably in the mid 700's, but the biggest factor will be getting longer terms so his payment doesn't go up too much.  What is the longest amortization these outfits offer? Also, any guesses on rates?

Okay so I actually looked at their websites.  Terms are remarkably similar.  Looks like he can probably do up to $35,000 for 5 years at around 10% APR with a 3-5% origination fee.

[Thegoblinchief]

Has he explored HARP?

[Left]

Okay so I actually looked at their websites.  Terms are remarkably similar.  Looks like he can probably do up to $35,000 for 5 years at around 10% APR with a 3-5% origination fee.

That's almost the same as credit card rates.... could he not just get a 0% APR card each year then take out the amount he needs and pay it down? Does he need the entire amount up front?