How Can I Get A Debt Consolidation Loan When I Am Buying My House On A Land Contract?
Wonder if you mean, “A Contract for Deed”.
You really do not have a debt on the land in that case. You do not own it, and will not until it is paid in full. This is a little like lawaway. You may pay “on it” for a time, but it will not be yours until paid. If this is the case, I don’t think the balance of the “land contract” would qualify for consolidation. A lender would really be financing the balance of the contract. If it has a market value above the balance, you may get a lender to do that, and consolidate, depending on the value, which fulfills security requirements.
February 17th, 2010 at 7:33 pm
Do alot of research before doing anything. Also get it inspected and title insurance company to help.
Do the math.
February 17th, 2010 at 7:33 pm
Lump everything together with the same firm. That way you only have one bill per month.
February 17th, 2010 at 7:33 pm
There is some useful advice here.