Localfund.com - All about Fund and Investment
*Home>>>Debt Financing

I am looking for a loan from a local finance company, to help me get the money to pay off the contract I have?


Purchased home in 1993, 0n a 15 year land contract, have plenty of equity, but until I can get the seller paid, and take care of some of the other debts incurred, I am unable to apply for the equity. I have been divorced since 1998, and would love to pay pff yhr contract get the deed and title in my and my fiances name so that we canstart getting our ducks in a row before tyin the not. "The loan would be in both of our names as I intend to have the title deed and taxes. At this point we are looking at about a 40,000 dollar loan to pay off a land contract on a home that appraised at 110,000.00, Depending on the interest rate, no more than a l0 year loan, or whatever we could work with.

All you need is a mortgage for the purchase of the home. There are many lenders that will help.

http://www.bankrate.com/brm/rate/mtg_hom...

Look for a combination of low rates and fees. Tell them the situation before allowing them to pull credit. Then they will be able to confirm if they allow buyouts of land contracts.

I am not sure why you would want to try a finance company rather than a mortgage company as the debt will be secured by real estate.

Tags
  Easy Money   Easy Investing   Earn Money   Direct Investment   Debt Financing   Capital Investment   Business Investment   Business financing
Related information
  • How much house can i get financed for?

    I suspect you want ball park idea rather than an exact quote. As a rule figure 2.5 times your annual income is what you can get for a house, in your case lets say $135,000. Your credit score in...

  • If you have several small debts to different lenders; can you ask your bank to pay them off and then you pay?

    That will not pay off your debt, it simply moves it around and then frees up your credit cards to charge them up again! Call all of them and work out a payment plan and try to get your interest ...

  • I am in quagmire of debts. I want to know whether I should sell my house or leave job?

    That makes sense. I can not pay my bills, So I will Quit My Job??? The Best Idea Normally is Take Everything that you have and pay off everything that you OWE. Stop Buying things. ANYTHING tha...

  • Help me get my finances straight!?

    I would pay off the two smaller ones, then pay off all except $300 of Citi Card. Then pay off the last $200 into the payments on Citi Card early. That would leave you $100 To Pay off at a later ...

  • What kind of finance person do I need?

    I would say you need to talk to a good financial planner and a good accountant. Both are necessary to achieve financial health. Take your time choosing both. For the financial planner, choose ...

  • Accounting and Finance?

    The only two accepted methods in the US are the "sales method" and the "allowance method". The "sales method" is based on annual sales and the people who like it sa...

  • Is there any kind of "non ripoff" company in the uk who could help me totally sort out my finances?

    Lubey, it depends what you are willing to 'action' for the debt... As you say, the amount is not enough to offset a possibly Bankruptcy, so are you talking about a loan to cover it off ...

  • Paid off ALL CC bills..How long until it reflects on Credit Report? Should we wait to re-finance our mortgage?

    There are services that do exactly that. It is sometimes referred to as being "rescored." It normally costs about $100. Your mortgage broker can likely refer you to a company that does it...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster