Really bad credit
Really bad credit
I have 20 acres in oklahoma with my primary residence. The home and land appraise for 85k and I only owe 8k more. I have terrible credit (527). I was unemployed and got seriously behind. I have since found employment but my credit is shot. I want to borrow enough $ to pay the land off and past debt so my credit will be improved. Can I borrow against my land using it as collateral? I just need help please.
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Contact a local lender or you may use the option provided here http://www.mortgagefit.com/refinance.html . Apart from that you can ask for loan modification too.