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need a collateral loan on land

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Icon Mini Profile chris77302





Joined: 06 Jul 2009

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Post Posted: Mon Jul 06, 2009 9:56 am    Post subject: need a collateral loan on land
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i need a collateral loan on my land the land ois worth about 30,000 i am looking to get 10,000 can anyone help me find a lender thank you
Icon Mini Profile JKennedySLG
JKennedySLG
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Joined: 01 Apr 2009

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Location: New Jersey/New York
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Post Posted: Mon Jul 06, 2009 10:00 am    Post subject:
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Land loans are hard to come by right now. You will probably face a bit higher in iterest and fees. Please specify the location of the property. I hope this helps...
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James Kennedy
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Icon Mini Profile gunzijjistaff
gunz.ijjistaff




Joined: 07 Apr 2009

Posts: 712

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Post Posted: Mon Jul 06, 2009 10:05 am    Post subject:
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Hi chris,

Welcome to our forum.

You can get loan on you land as collateral for loan. It's possible if your land is free of any debt & absolutely it must have clear title. But you must have good credit history as well as you must have to make some down payment..
Other terms & condition will apply for you location.


Thanks & Regards.

gunz.ijjistaff. Very Happy Very Happy Very Happy .
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