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loan on property alone

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messierken Joined: 07 Feb 2011 Posts: 1 1.00 Dollars($)	Posted: Mon Feb 07, 2011 7:42 am    Post subject: loan on property alone Like 0 Dislike 0 Hello I would like to know if I can gat a loan on my land in maine its 14 arces with a new 34x44 building, I owe no money on this property, I need a no credit check loan, Iam only looking for 8000.00 dollars for emergancy truck repair
smithsussane Joined: 18 Sep 2008 Posts: 10423 Location: Alaska 983.47 Dollars($)	Posted: Mon Feb 07, 2011 7:36 pm    Post subject: Like 0 Dislike 0 Hi messierken! Welcome to forums! You can get a land loan using the land as the collateral. However, before the lender gives you the loan, he will check your credit as well as employment situation. If you don't have the required credit scores or a stable employment, the lender may not give you the mortgage. Feel free to ask if you've further queries. Sussane

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