http://aspenfinancialgroup.com/is-it-possible-for-a-single-mom-with-bad-credit-to-get-a-home-loan-if-she-owns-an-acre-of-commercial-land.htm Fri, 21 Oct 2011 00:09:40 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://aspenfinancialgroup.com/is-it-possible-for-a-single-mom-with-bad-credit-to-get-a-home-loan-if-she-owns-an-acre-of-commercial-land.htm/comment-page-1#comment-402 sassie_tx_gal Wed, 08 Jul 2009 16:51:15 +0000 http://aspenfinancialgroup.com/is-it-possible-for-a-single-mom-with-bad-credit-to-get-a-home-loan-if-she-owns-an-acre-of-commercial-land.htm#comment-402 I don't see why not as long as you put the land up for collateral and have a job to pay the loan back. You may need a co-signer though. Sorry, I can't help you with the type of loan, though. I don’t see why not as long as you put the land up for collateral and have a job to pay the loan back. You may need a co-signer though. Sorry, I can’t help you with the type of loan, though.

]]> http://aspenfinancialgroup.com/is-it-possible-for-a-single-mom-with-bad-credit-to-get-a-home-loan-if-she-owns-an-acre-of-commercial-land.htm/comment-page-1#comment-403 no white flag Wed, 08 Jul 2009 16:51:15 +0000 http://aspenfinancialgroup.com/is-it-possible-for-a-single-mom-with-bad-credit-to-get-a-home-loan-if-she-owns-an-acre-of-commercial-land.htm#comment-403 I don't understand how $25-30,000.00 will help much with the debt you are talking about. And besides, the loan to value ratio on commercial property is about 75% meaning if the property is worth $30,000 the most you could borrow against it would be somewhere around $22,500. Not to mention the high interest rate you're going to get with a poor credit history. You need $50,000 for your debt, you're 6 months behind on your bills, and want to fix up the old house and you make less than $33,000.00. This is just my opinion but I think you need to go to a financial planner and come up with a better solution that will not only help you out in the present, but will be better off for you in the long run. If you're 6 months behind on your bills, you need to take care of the way you handle your finances before incurring any new debt. Sorry, that's my best advice. Good luck I don’t understand how $25-30,000.00 will help much with the debt you are talking about. And besides, the loan to value ratio on commercial property is about 75% meaning if the property is worth $30,000 the most you could borrow against it would be somewhere around $22,500. Not to mention the high interest rate you’re going to get with a poor credit history. You need $50,000 for your debt, you’re 6 months behind on your bills, and want to fix up the old house and you make less than $33,000.00. This is just my opinion but I think you need to go to a financial planner and come up with a better solution that will not only help you out in the present, but will be better off for you in the long run. If you’re 6 months behind on your bills, you need to take care of the way you handle your finances before incurring any new debt. Sorry, that’s my best advice. Good luck

]]> http://aspenfinancialgroup.com/is-it-possible-for-a-single-mom-with-bad-credit-to-get-a-home-loan-if-she-owns-an-acre-of-commercial-land.htm/comment-page-1#comment-404 David D Wed, 08 Jul 2009 16:51:15 +0000 http://aspenfinancialgroup.com/is-it-possible-for-a-single-mom-with-bad-credit-to-get-a-home-loan-if-she-owns-an-acre-of-commercial-land.htm#comment-404 I found some good info here. I found some good info here.

]]> http://aspenfinancialgroup.com/is-it-possible-for-a-single-mom-with-bad-credit-to-get-a-home-loan-if-she-owns-an-acre-of-commercial-land.htm/comment-page-1#comment-405 lostbabydoll4u Wed, 08 Jul 2009 16:51:15 +0000 http://aspenfinancialgroup.com/is-it-possible-for-a-single-mom-with-bad-credit-to-get-a-home-loan-if-she-owns-an-acre-of-commercial-land.htm#comment-405 is there any home equity in this house? if so get a loan off of it with a low apr and then you can fix it up and if you want to sell it there you go. is there any home equity in this house? if so get a loan off of it with a low apr and then you can fix it up and if you want to sell it there you go.

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