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Financing -- Loans/Questions Answered by Expert JT Holt
| Subject | Date Asked |
| FHA - Farm Income/Loss | 8/24/2011 |
| Q: Do you know the FHA guideline for refinancing a residential property with 100 acres but is not a ... A: David, I am not certain on FHA guidelines. However, my suggestion to you would be to survey out the ... | |
| Loan Guarantor | 1/15/2011 |
| Q: Holt My question is, If my father signed as a guarantor for a loan, and the bank is now going after ... A: As a Guarantor your father has made himself personally liable for this loan. Should the primary ... | |
| acreage being tilled | 1/15/2011 |
| Q: Looking to purchase a house with a FHA loan but the house is on 10 arches that was perviously ... A: Not being a home loan lender I wouldn't believe that you would have problems with a home on 10 ... | |
| Hard Money Lenders | 9/26/2010 |
| Q: My name is Rashad and I'm looking for hard money lenders that will do business in Georgia. Would ... A: Rashad, On this size of transaction your best opportunity for financing is utilizing a local finance ... | |
| Equity line of credit | 3/29/2010 |
| Q: I set up a Limited Family Partnership to buy a farm in NJ without any mortgage. It will be my ... A: In my opinion your best option to obtain a Revolving Line of Credit in which you can draw on and pay ... | |
| obtaining loan using farm land as collateral | 3/22/2010 |
| Q: My wife and I own outright 124 acres of farmland in North Augusta, SC (Edgefield County). We live in ... A: Andrew, Currently Land Loan Specialists.com does not work in the State of South Carolina as our ... | |
| loans | 3/5/2010 |
| Q: Ihave16 acers of land thatis@ 10% and amobile home on it @ 11.5% what kind of loan do I need for ... A: Mobile home financing is limited only to a few lenders due to the type of dwelling, which I'm sure ... | |
| loan & inteterest | 10/29/2009 |
| Q: I am in Thailand so the currency is different however I assume the principles are similar. If ... A: This would depend upon whether the borrower is making equal principal payments or whether it is a ... | |
| equity loan default | 10/24/2009 |
| Q: 3 years ago, we took out a home equity loan on our mortgage free house to buy another property. We ... A: Betty, My suggestion would be not just to quit paying or to walk away. I believe that is in your ... | |
| Contract for Deed Recording | 7/18/2009 |
| Q: The Contract for Deed holder has not recorded our notarized and signed agreement with the county. ... A: If you have an original signed and notarized agreement you can file this with the county if you ... | |
| grants | 7/7/2009 |
| Q: I was hoping you would know of some grants to help buy land to start a business on. help please ... A: The answer to this question depends a lot on the type of business and what type of community you are ... | |
| lake property | 5/31/2009 |
| Q: we are looking at buying an acre lot, with 350 ft water frontage. there is not a structure on the ... A: Jennifer, Most construction loans are set up on some type of variable or adjustable rate with a ... | |
| car loans | 5/14/2009 |
| Q: My mortgage company indy mac filed for bankruptcy. Since then my bank has not been able to send ... A: You may want to try financing a car utilizing a local commercial bank or credit union rather than a ... | |
| Larger acreage purchases | 2/18/2009 |
| Q: What is the best way to finance 100 to 150 acres farm or ranch land in Texas. Is it better with a ... A: Ronald, Obviously the answer is to finance it with our company! Visit: www.landloanspecialists.com ... | |
| loan approval or disapproval! | 12/3/2008 |
| Q: they approved my VA home loan even i didn't have money to close the loan. they asked my latest bank ... A: Check your date of application and compare it to the Good Faith Estimate. The Good Faith Estimate ... | |
| loan approval or disapproval! | 11/29/2008 |
| Q: they approved my VA home loan even i didn't have money to close the loan. they asked my latest bank ... A: You have a couple of different options in regard to reporting the mortgage broker. One option is to ... | |
| car loan | 11/26/2008 |
| Q: I still owe money for a car that we brought to U.S.A. from Canada when we moved here. I want to ... A: Have you considered looking to refinance the bank which currently holds the car loan? This may be ... | |
| Purchasing a new home in business name | 11/23/2008 |
| Q: How can I buy a home in my business name? I have a software consulting company, personally I have ... A: Nikki, A lot of your decision may depend upon what type of entity you have established for your ... | |
| Time Sharing | 11/4/2008 |
| Q: I have this time sharing in Collingwood Canada for the last maybe 10 years. I wanted to sell it and ... A: Joe, Why are you not able to sale it? I would assume from what you have indicated you have tried ... | |
| bank loan | 10/15/2008 |
| Q: My friend taking a bank loan guarantee of other person who was taking loan.After some instalment ... A: I do not believe the bank has any obligation to the guarantor to notify them until they are ... | |
| Business credit with bond guarantee | 10/8/2008 |
| Q: We have been looking a long time to work with a company that can get us funded and not scamed. The ... A: Jeff, I apologize for the delay in getting back to you. My suggestion to you is to seek a legal ... | |
| The Laws of Usery | 9/26/2008 |
| Q: JT. Is it legal for the Banks & Credit card companies to calculate a customers monthly finance ... A: Sterling, If I understand this correctly this is how simple interest is calculated. Your loan ... | |
| payloans | 9/22/2008 |
| Q: i had a loan at advance america in baton rouge louisiana i borrowed $100.00 the pay back was $120.00 ... A: I assume you must have written them a post dated check for the $120 and she then cashed it to obtain ... | |
| Need a loan | 8/25/2008 |
| Q: I am 30 years old have made some money mistakes in the past but i just had a son and would like to ... A: Michael, I have no idea as to what type of business you are looking to start and definitely do not ... | |
Financing -- Loans
Answers by Expert:
JT Holt
Top Expert on this page
Expertise
Questions regarding the financing or land values of farm, ranch, and recreational properties. Large working ranches to the small hunting property.
Experience
Currently CEO of LandLoanSpecialists.com with 10 years of previous experience in the Farm Credit System as a VP of Credit. Experience as an appraiser of farm, ranch, and recreational properties.
Education/Credentials
Bachelors of Agricultural Economics from Oklahoma State University. Continuing education courses in ag finance and appraisals.
Awards and Honors
Top volume lender for the last 5 years in previous position.
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