I can’t qualify for a mortgage, should I purchase land or some other type of collateral ?
Written By: admin on December 24, 2009
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I want to buy a older home or townhouse under ,000 but I don’t have perfect or decent credit. My only other options is to lease something for a year, while I work on my credit rating. I want to still invest in something preferable land or a cheaper home in another state. Help
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Tags: credit rating, land mortgage, townhouseTags: credit rating, townhouse
if you cant qualify for a mortgage then you wont qualify for a loan to buy land (because land aint cheap either)
and i dont know of any banks that will even do a mortgage loan for a home under $50,000.
so your best bet is to just rent and work on your credit….