help Forums
help Forums
help Forums
Would you like to react to this message? Create an account in a few clicks or log in to continue.
help Forums

City-Data.com forum
 
HomeHome  PortalPortal  Latest imagesLatest images  SearchSearch  RegisterRegister  Log in  

Need advice on getting loan

View previous topic View next topic Go down
Author Message
MICHAEL55




Age : Join date : 2009-01-28 Posts : 37 Location :

Need advice on getting loan Vide
PostSubject: Need advice on getting loan Need advice on getting loan Icon_minitimeMon Apr 12, 2010 11:21 am

Want to buy a land lot and build a home. We own our current home and the only debt we have is our home mortgage and about £14000 in credit card debt. We want to buy the land first, and then save some money, then get the construction loan to begin building the house. Would it be better to save money for a down payment for the construction or to go ahead and pay off the credit card debt first? My concern is that the interest rates for loans right now are really good and if we pay off the credit card debt first then wait to save more for a down payment; loan rates will be a good bit higher because that will be about a 2-3 year period.




_________________________
payday loans
Back to top Go down

Need advice on getting loan

View previous topic View next topic Back to top
Page 1 of 1

Permissions in this forum: You cannot reply to topics in this forum
help Forums :: Mortgage Talk -