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swfamily4 · Joined: 09 Feb 2009 Posts: 1 1.55 Dollars($)

I have land in Tennessee that is paid for. We have found a home to put on the land but our dept ratio is high. Our credit is excellent but we have some bills we need to pay off. Is there a way that we can sell our land back to ourselves and finance the land and home together?

sara · Posted: Tue Feb 10, 2009 4:04 am Post subject:

Hi Swfamily,

It's good to know that your credit is excellent. But your debt ratio is high. So, there are less chances of qualifying for a mortgage, though there are other factors that lenders will consider.

ashleyblanton · Posted: Fri Feb 13, 2009 3:34 pm Post subject:

If you go to a specific lender or someone with private money, you can most likely "refi" your land and pull out the "equity".

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