Compare Mortgage Quotes

conniemaxwell · Joined: 09 Sep 2009 Posts: 1 1.00 Dollars($)

We own a small lake property at Table Rock Lake, Mo. We have 3 lots with a manufactured home and large outbuilding on it, we just had it appraised and came back at $67,500, we owe nothing on it and would like to pull some quity out to pay off other debt, is that possible?

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

If you have equity, then it should not be difficult to get a equity loan

Guest

So how do I go about it?

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Call yoru current lender and see if you can take out a equity loan

smithsussane · Posted: Wed Sep 09, 2009 9:06 pm Post subject:

Hi conniemaxwell!

Welcome to forums!

As the property is free and clear, you can go for any conventional loan for the property. Getting a loan will depend upon your credit score and income. What type of a credit score do you have? In order to get a conventional loan, you would require a credit score of 720-740.

If you satisfy this criteria, then you can start shopping for your mortgage. Speak to your local lenders and check out the terms and conditions of the loan. You can also speak to the lenders of this community and seek a no obligation free mortgage quote from them. This will let you know the rates and terms prevailing in the market.

Feel free to ask if you've further queries.

Sussane

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

Equity Out