- September 10, 2018 at 6:49 pm #244648
I have a question I purchased a 10 acre parcel in Southern Utah with 1 house and a double wide trailer that rents out nightly for visitors boating at Lake Powell I purchased it about 3 months ago it is free and clear we maxed out our credit cards getting it bought because it was a good deal not realizing we had maxed out out available credit to almost 90% that drooped the credit score from a 749 to somewhere in the low 600s we need a small short term loan to catch up our credit cards and get the score back up to refinance the entire amount with our credit union.
Do you offer anything to help or know of anyone that dose this type of bridge loan.
John HawkinsSeptember 10, 2018 at 6:53 pm #245543
Thanks for visiting our site and posting on the forum. It sounds like you bought a great property. Sorry to hear about your credit score dropping because of the purchase. I have included some articles on hard money lenders, and in the article, you will find their contact information so you can see if they offer the kind of loan you need. I also included a helpful guide on vacation rental property.
All the best,