| Author |
Message |
alterfemego8883
Joined: 15 Feb 2004
Posts: 5
|
 Posted: Tue Sep 21, 2004 7:27 am Post subject: I own real estate which I wanted to build on, but changed my |
 |
|
| I want to buy a already built home and was hoping to use the vacant land as equity |
|
| Back to top |
|
 |
FeelingMutual
Joined: 04 Jul 2006
Posts: 6
|
| Posted: Fri Oct 08, 2004 9:08 am Post subject: I own real estate which I wanted to build on, but changed my |
|
|
| Are you saying you want to take out a loan on it or sell it? |
|
| Back to top |
|
|
bikashroy9
Joined: 15 Jul 2004
Posts: 7
|
| Posted: Mon Oct 25, 2004 10:49 am Post subject: I own real estate which I wanted to build on, but changed my |
|
|
| You don't need to use the land you bought as collateral when getting a loan to buy an already built home and including it within your mortgage would be to your disadvantage. But, you might be able to take a mortgage on the original property to provide cash for another endeavor, depending on its value. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
