I am currently in a land contract that I can't seem to get out of despite my credit score and income. Because of the loan to value, banks won't bite, what can I do about this?

What are the current terms of the land contract you are under? Was the land contract recorded? How long have you been under the contract?

Save up a larger down payment so that they are not loaning as much to value. Remodel or do certain things that will increase the value of the home. Work with the seller to see if they will hold a 2nd mortgage so that the 1st mortgage will not have to be as much loan to value issue.

And of course you can just stay on the land contract which will allow you to own the home down the road. Your contract should be adding to your equity of the home, so the longer in the contract the lower the payoff of the home, thus a better loan to value issue for banks.

The contract was for 18 months which have past and then some. I'm only paying interest and not the principal on the loan. So therefore I can only hope that my equity build in this house in order to make a difference. The only thing is that I hate the fact that when I am able to refi my payments are going to be higher then the $997 that I'm paying now which leaves me in another dilemma, will I be able to afford to keep my home.

At this point I'm tired of dealing with trying to keep what seems to be slipping away slowly.

But thanks for your replies.

Glorious1