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Cute farm house equals big risk for lenders

Abstract:
Dear Ms. Mortgage Maven, I want to buy a two hundred-acre farm as a second home. The farm has an adorable old house on it that I would like to restore. I am having trouble getting a loan and I do not understand why. Can you please help me?...

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Jacqueline Attwood

posted 3/11/09 @ 4:13 AM EST

Good and interesting article, thanks!
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Wilma Todhunter

posted 3/15/09 @ 3:12 AM EST

I have to agree with teh poster above... :/ looks like a lot of hot air to me.
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posted 3/18/09 @ 4:53 AM EST

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posted 3/18/09 @ 4:55 AM EST

Traditional banks also will not want to finance the portion of your land that is devoted to farming and forest. This sounds strange why they do that.
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posted 3/18/09 @ 6:01 AM EST

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posted 7/09/09 @ 4:08 AM EST

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posted 7/09/09 @ 8:53 AM EST

Freddie, I suggest you stay away from getting large loans especially now that it is economic crysis everywhere.
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posted 7/10/09 @ 3:43 AM EST

You have given good suggestion.Thanks.
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posted 8/14/09 @ 2:49 PM EST

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  • Displaying 1 - 12 of 12

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