Look at the large picture. The higher the risk, the higher the reward must be for someone to lend money regardless of whom it is.That way if someone in that pool of borrowers defaults, the lender has some chance of staying in business and keeping the bank examiners happy.Chances are, if you keep your payments on time they may give you a new loan in a few years. Have you tried at Farm Credit Services? Right now bankers are VERY conservative because of this sub prime fiasco.Trouble is they are two or three years too late in tightening down the loan requirements. Then the builders would have pulled in their horns and not overbuilt the demand for new houses.There is enough guilt to go all around in this mess.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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