loan against my land

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ronnine

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Post Posted: Thu Jul 12, 2012 12:38 am    Post subject: loan against my land
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I would like to know can I borrow money and use my land as collateral?
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Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 12593
Location: Alaska
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Post Posted: Thu Jul 12, 2012 1:15 am    Post subject:
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Hi ronnine!

Welcome to forums!

You can use the land as a collateral in order to borrow money. You will have to contact the local land loan lenders in order to get such a loan.

Feel free to ask if you've further queries.

Sussane
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 12160
Location: Nevada
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Post Posted: Thu Jul 12, 2012 8:28 pm    Post subject:
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Hi ronnine,

As Sussane has said, you can borrow money by using the land as collateral. This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and check out if they can help you getting a land loan.

Thanks
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