PostHeaderIcon How can I get a debt consolidation loan when I am buying my house on a Land Contract?


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4 Responses to “How can I get a debt consolidation loan when I am buying my house on a Land Contract?”

  • Chuz says:

    Lump everything together with the same firm. That way you only have one bill per month.

  • edward I says:

    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.

  • Shirley B says:

    Do alot of research before doing anything. Also get it inspected and title insurance company to help.

    Do the math.

  • James H says:

    There is some useful advice here.

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