40 ACRES AS COLLATERAL

sizemoretrk1 · Joined: 29 Jun 2008 Posts: 2 1.88 Dollars($)

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..

adonis · Posted: Sun Jun 29, 2008 11:19 pm Post subject:

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.

john · Joined: 23 Jun 2008 Posts: 36 17.30 Dollars($)

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.

jbarto65 · Joined: 04 Nov 2007 Posts: 626 -0.11 Dollars($)

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.

jasonpolito · Posted: Thu Jul 17, 2008 5:59 am Post subject:

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.

vegas_storms · Joined: 12 Sep 2008 Posts: 50 1.24 Dollars($)

Talk to your local community bank

All times are GMT - 7 Hours

Page 1 of 1