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LOAN USING LAND PROPERTY AS COLLATERAL

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Icon Mini Profile poopsienainoa



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Joined: 10 Dec 2009

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Post Posted: Thu Dec 10, 2009 3:59 pm    Post subject: LOAN USING LAND PROPERTY AS COLLATERAL
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LOAN USING 2 LAND PROPERTY AS COLLATERAL, BOTH FREE AND CLEAR. ASAP
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10250
Location: ALASKA
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Post Posted: Thu Dec 10, 2009 8:23 pm    Post subject:
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Hi poopsienainoa,

I guess you want to take a mortgage using two lands as collateral for the loan. You can contact your lenders and apply for land loans. Depending upon your credit score and income, the lenders will let you know whether or not you would get a loan. You may even speak to the lenders of this community and seek a no obligation free mortgage consultation. This will let you know whether or not you would qualify for a loan.

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Icon Mini Profile poopsienainoa



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Joined: 10 Dec 2009

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Post Posted: Fri Dec 11, 2009 1:23 am    Post subject: NO
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I HAVE 2 LAND ONLY PROPERTIES, THAT I WANT TO GET A LOAN WITH USING THE LANDS AS COLLATERAL, MEANING I WHAT CASH MONEY LOAN OF $60,000 USING THE PROPERTIES AS THE COLLATERAL, I NEVER SAID NOTHING ABOUT TAKING OR WANTING A MORTGAGE.
Icon Mini Profile poopsienainoa



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Joined: 10 Dec 2009

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Post Posted: Fri Dec 11, 2009 1:27 am    Post subject: HELP
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IF ANY ONE CAN HELP ME PLEASE INFORM ME...... I HAVE 2 LAND ONLY PROPERTIES TOTALING ABOUT 3 ACRES. I WANT TO USE THEM AS COLLATERAL ON A LOAN OF $60,000
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Post Posted: Sun Dec 13, 2009 11:07 pm    Post subject:
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Yes, you can use both the properties as a collateral to get a loan. You can contact the local lenders and if you satisfy the required criteria, you would get a mortgage using both the properties as collateral.
poopsienainoa@yahoo.com

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Post Posted: Tue Dec 15, 2009 12:20 am    Post subject: LOAN USING LAND PROPERTY AS COLLATERAL
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LOCAL LENDERS ARE NOT TAKING ON THESE TYPES OF LOANS USING THE RAW LAND PROPERTIES THAT I HAVE, ANYONE KNOW WHO WILL?
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10030
Location: Alaska
919.49 Dollars($)
Post Posted: Tue Dec 15, 2009 8:47 pm    Post subject:
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Hi poopsienainoa!

Welcome to forums!

Did the local lenders give you any reason as to why they would not give you a loan on a free and clear land? This community has a large number of lenders. You can speak to them and seek a no obligation free mortgage consultation from them. This will help you know whether or not you would qualify for a loan.

Feel free to ask if you've further queries.

Sussane
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