Posted on: 14th Nov, 2010 06:56 am
I am seeking to borrow against land that I own and need to know how to find a bank who loans against land. I plan own using the money to pay off some bills and have just one loan to worry about paying for each month.
Hi vavyjack,
You can contact the local lenders and check out whether or not they can help you with a land loan. However, unless you have a stable financial situation and a good credit score, you won't be able to get a mortgage for your land.
Thanks
You can contact the local lenders and check out whether or not they can help you with a land loan. However, unless you have a stable financial situation and a good credit score, you won't be able to get a mortgage for your land.
Thanks