Posted by brian(MN) on February 28, 2009 at 10:47:41 from (70.41.9.72):
In Reply to: Farm loans posted by Eric b illinois on February 27, 2009 at 18:42:44:
Eric, I am by no means a money guru, but do you have a banker that you can sit down and talk to? When I bought some land a few years ago, the Credit Union would lend up to %60 of the appraised value, you would have to come up with the rest (cash, CD,ect). They will want you to come up with a balance sheet. When you ask a question on the internet like this, you will get advice alright, some good and some not. Talk to a loan officer at a lending institution, it won"t cost you anything. Brian(MN)
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