Another option might be contacting local banks and credit unions. These institutions are interested in more than just loaning you 50K for a piece of earth. They also want your deposits and investments. Thus, they may consider lending on your lot if it gets you in their door. There are also some large lenders out there that offer lot loans including Wells Fargo and 5th Third Bank.
You might want to check out their web sites to see if they might have a product that might work. Solutions for Financing Lot and Land Loans: You may want to consider doing a cash-out refinance or equity line of credit on your primary residence to finance the lot. If this option is economically feasible, you may end up with a cash loans gulfport ms rate and payments, and a more extended payment term than you could not get with a traditional lot or land loan.
The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial cash loans gulfport ms. This website is not an offer to lend. WhiteRockLoans. com is not a lender and does not make loan or credit decisions.
WhiteRockLoans. com connects interested persons with a lender from its network of approved lenders. WhiteRockLoans. com does not control and is not responsible for the actions or inactions of any lender, is not an agent, representative or broker of any lender, and does not endorse any lender.
Borrower The individual or company receiving money from the lender which will then have to pay back the money according to the terms in the loan agreement. Collateral An item of worth, such as a house, is used as insurance to protect the lender in the event the borrower is unable to pay back the loan. Default Should the borrower default due to their failure to pay, the interest rate shall continue to accrue according to the agreement, as set forth by the lender, cash loans gulfport ms the balance of the loan until the loan is paid in full.
Interest (Usury) The cost associated with borrowing advanced cash money. Late-Payment If the borrower anticipates that they may be late on their payment, they must contact and make arrangements with the lender.
Additional late fees may apply. Lender The individual or company releasing funds to the borrower cash loans gulfport ms will then be payed back their principal, usually with interest, according to the terms set in the loan agreement.
Repayment Schedule An outline detailing the loans principal and interest, the loan payments, when payments are due and the length of the loan. How can I get personal loans for bad credit.
Fill Out Our Simple Form. It takes minutes to fill out our online form. It is protected by top-notch security software and absolutely free for you to use. No Obligations or Hidden Fees. Get Connected with a Lender. You will be connected with one of our lenders and receive your loan decision.