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Cash Out In Texas--Free & Clear Property

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cocobid Joined: 28 Oct 2009 Posts: 1 1.32 Dollars($)	Posted: Wed Oct 28, 2009 2:48 pm    Post subject: Cash Out In Texas--Free & Clear Property Like 0 Dislike 0 I need to pay off the IRS we own another home (this is a rental) free & clear and want to know the simplest way to tap into a credit line off this house?? Our credit is good but with our business just hate to get massively involved. The value of the homes is approximately 115,000. The interest to the IRS is just climbing by the day. Somehow we made to much money. How I do no know, so little to show for it. Been in business for years and never had this issue. Any simple solutions??? Thank You
adonis Joined: 22 Oct 2005 Posts: 10242 Location: ALASKA 1042.50 Dollars($)	Posted: Wed Oct 28, 2009 7:42 pm    Post subject: Like 0 Dislike 0 Hi cocobid, You can contact the lenders and check out what type of rates and terms they are offering for mortgage on investment properties. A bit of mortgage shopping will help you know whether or not you would get a loan. It will also give you a fair idea about the rates and terms. Alternatively, you can also seek a no obligation free mortgage consultation from the lenders of this community. This will also help you know whether or not you would get a loan. _________________ Procrastination is the enemy of your financial success

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