Posted on: 09th Feb, 2011 05:18 pm
I own a lot in a community and it has a clear title? My credit is fair, and I need money to make improvements so that I can get an mortgage in the near future.
Welcome carlosyeargin,
You can use the land as a collateral in order to secure a mortgage. You should contact the local lenders offering land loans and check out whether or not you qualify for it.
You can use the land as a collateral in order to secure a mortgage. You should contact the local lenders offering land loans and check out whether or not you qualify for it.