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40 ACRES AS COLLATERAL

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Icon Mini Profile sizemoretrk1





Joined: 29 Jun 2008

Posts: 2

1.88 Dollars($)
Post Posted: Sun Jun 29, 2008 5:46 am    Post subject: 40 ACRES AS COLLATERAL
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Is there any lenders reading this that will give me this loan? I need 10,000 and my land is worth 80,000 . I can pay 10,000 back plus interest in 6 to 8 months.. PLEASE CONTACT ME ASAP THIS IS AN EMERGENCY..
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10258
Location: ALASKA
1044.81 Dollars($)
Post Posted: Sun Jun 29, 2008 11:19 pm    Post subject:
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Welcome sizemoretrk,

If you are looking for a mortgage or land loan, then contact lenders who offer such loans. You may request for the loan quotes at http://www.mortgagefit.com/quote/ . Please read through the page referred to find out what happens after you request for the quotes.

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Icon Mini Profile john6
john6




Joined: 23 Jun 2008

Posts: 36

17.36 Dollars($)
Post Posted: Mon Jun 30, 2008 9:30 am    Post subject: land loan
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Hi there,

The question that i have is if you need a private loan or are you looking for a conventional mortgage. some lenders do not lend unless the loan amounts are 30k or higher but your local banks would be the best bet..if you credit is there, income etc etc.

If not then you may be able to get a private mortgage from an investments group. If you cant obtain financing through a bank then look up your local REIA group (real estate investors association) and they could point you in the right direction. I am a member of NYREIA and i cant comment on another group but they typically would be able to help.

Good luck.
Icon Mini Profile jbarto65





Joined: 04 Nov 2007

Posts: 622

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Post Posted: Tue Jul 08, 2008 8:08 am    Post subject:
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Be sure to weigh all your options, if you make a decision when you are desperate you may find yourself in more trouble later. You have gotten some good suggestions here, look into both and see what will benefit you more.
Icon Mini Profile jasonpolito





Joined: 07 Jul 2008

Posts: 28
Location: Richmond, VA
8.93 Dollars($)
Post Posted: Thu Jul 17, 2008 5:59 am    Post subject:
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I agree you must sit down and think about your options...make sure you write down the pros and cons of each option. Dont jump right into something.
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Icon Mini Profile vegas_storms





Joined: 12 Sep 2008

Posts: 67

3.54 Dollars($)
Post Posted: Sat Sep 13, 2008 3:41 am    Post subject:
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Talk to your local community bank
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