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pameshell
7 Posts |
 Posted - 08/20/2008 : 3:43:09 PM
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| RURAL VACANT LAND: I NEED A LENDER THAT WILL FINANCE 80% LTV. I NEED TO KNOW THE GOING RATE FOR LAND. |
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ddmortgage
297 Posts |
Posted - 08/20/2008 : 3:45:40 PM
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| I don't think any lender will go up to 80% LTV. |
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monarchdad
1811 Posts |
Posted - 08/20/2008 : 4:43:02 PM
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| Won't happen. |
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johnnyrotten
9 Posts |
Posted - 08/22/2008 : 10:25:34 AM
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| u will be lucky to get 50% on rural land- thats a risky loan for any lender to make in this day and age. |
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Bobo1092
80 Posts |
Posted - 08/22/2008 : 11:54:09 AM
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Send me your e-mail address and I will forward our land loan flyer that might meet your requirements.
Bob Wakeman
Wall Street Funding
888-647-2591
Bob@wallstreetfunding.biz |
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MarkIFC
538 Posts |
Posted - 08/22/2008 : 1:38:48 PM
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I just did 10 acres rural land at 85% LTV.
10/25 @ 7.125%
Look into a local Farm Bureau Coop. Most will allow you to charge a Broker Fee.
Actually, as a member of the coop the borrower gets paid annual dividends. When I calculated the anticipated dividend into the equation, the effective interest rate dropped to 5.8% |
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