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Loan Info needed! Please help!

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Icon Mini Profile cdurham





Joined: 23 Feb 2011

Posts: 2

1.00 Dollars($)
Post Posted: Thu Feb 24, 2011 11:54 pm    Post subject: Loan Info needed! Please help!
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We have land in East Texas, and my parents gave me 7 acres to use as collateral for a loan. Is there a certain name for this type of loan? And what’s the easiest process and best banks to use?
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10569
Location: ALASKA
1090.22 Dollars($)
Post Posted: Sun Feb 27, 2011 9:37 pm    Post subject:
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Welcome cdurham,

You can go for a land loan wherein you can use the land as a collateral in order to get a loan. You should contact the local banks in order to get a land loan. If you satisfy the required criteria of the lender, you'll be able to get a loan.

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