Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

want to use farm land as collateral to get a loan

want to use farm land as collateral to get a loan

My wife has 80 acres of land,in Dodge,NE. The land is rented for @240 an acre. There is no money owed on the land. We want to consolidate our debt and make home improvements.

I am retired and with SS I make $4900 a month and my wife ie a teachercounselor and she makes with SS $4100 for combined monthly income of $9000.

If your company would approve a loan for 166,000 to be paid off in 61/2 years we would have 3 paymenta. Home mortgage $1400, 2012 Kis Sonda Van $425 plus the loan payment which would be less than $4500 a month. Our total monthly bills would be about $6325. Thiswould leave us wirh a balance $2675. After paying fo the standard monthly bills we would still have extra money for investemts, savings or pay down debt on the existing notes

The farm land within a 7 miles radius has been selling for $5100 to $9100. If you would approve the loan we would have my retirement and SS checks routed to your company. This procedue would guarantee the payment would be paid monthly. We selected a 61/2 year payoff because I have an insurance policy valved at $330,000 until I reached the age of 77. This would provide the needed security fo secure a personal loan.

I would call you but I have Parkinson's and it is very difficul to understand me. If possible we can proide you additional information by using the internet or the mail service.

During the 2014 farm season we would like to discuss our options on drilling a well so we can put a pivot on the 80 acres.


rtingelhoff's picture
rtingelhoff
28-11-2012

7 Answers
Votes
Older
Newer


1
Well, this community does not offer loans. This is a community which will help you resolve your mortgage and related financial queries. However, there are mortgage lenders who are a part of this community. You can seek a http://www.mortgagefit.com/quote/">no obligation free mortgage quote from them and get to know whether or not you can qualify for a loan.

smith.sussane | Asked on 2012-11-28


1
You may even contact the local lenders and check out whether or not they will be able to  help you get a loan depending upon your situation.

jameshogg | Asked on 2012-11-29


1
MY TESTIMONY FROM A LEGITIMATE MONEY LENDER  Have you been looking for a loan?Do you need an urgent personal or business loan?contact Dennis Hopkins Finance Home he help me with a loan of $300.000 some days ago after been scammed of $2500 from a woman claiming to been a loan lender but i thank God today that i got my loan worth $300.000.Feel free to contact the company for a genuine financial service. Email: dennishopkins_financehome@live.com or dennishopkins69@yahoo.com or www.dennishopkinsfinance.de.vu Tel: USA +12404374240 .He is a trust worthy man. No Upfront Fees     

Anonymous | Asked on 2014-12-05

Anonymous | Asked on 2016-05-12 00:53:54


1

Anonymous | Asked on 2017-05-08 10:32:52


1

Anonymous | Asked on 2017-06-16 13:46:51


1

Anonymous | Asked on 2017-11-23 01:57:25

Related Questions

Anonymous (not verified)
Anonymous (not verified)
Anonymous (not verified)
Anonymous (not verified)
Anonymous (not verified)
Anonymous (not verified)
Anonymous (not verified)
Anonymous (not verified)
Anonymous (not verified)
Anonymous (not verified)
Image CAPTCHA
Page loaded in 0.139 seconds.