I've been told that there are no lenders willing to lend on a non traditional property.I find that hard to believe in this current housing climate.Can anyone advise please?
2007-06-12 07:49:17 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You can find all the difficulty you desire in believing, but it is factual. Lenders are staying away from ANY type of structure which they consider difficult to resell in the event of a needed foreclosure action. The same concept is currently being applied to modular homes, geodesic domes and any OTHER facet of a property which a lender thinks may well make for a difficult and lengthy sell should a foreclosure become necessary.
As for marty at premierloangroup, he would probably claim that he could get you a mortgage to buy Noah's Ark, if it could be found. Don't waste your time.....:)
2007-06-12 07:59:22 · answer #1 · answered by acermill 7 · 1⤊ 0⤋
i have been told you cant get a mortgage on that type of property, but i am always getting leaflets put through the door, from firms, offering the money and doing them up. i put them in the bin, so sorry cant help you at this time.
2007-06-12 07:58:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Hi.
Try this site. there are 2 companies offering mortgages, Zenloans and 24 hour Loans:
http://bestukloans.co.nr
2007-06-12 09:13:43 · answer #3 · answered by Anonymous · 0⤊ 2⤋
As an ex finance broker, the guideline is: BRICKS AND MORTAR only.
Don`t waste your time.
2007-06-12 07:58:03 · answer #4 · answered by Montgomery B 4 · 0⤊ 0⤋
I can help!
msmith@premierloangroup.com
Marty
2007-06-12 07:52:36 · answer #5 · answered by Anonymous · 0⤊ 8⤋