• What Property Buyers Should Know About Land Loans

    16 days ago - By RIS Media

    If you're thinking about buying land, you'll be hard-pressed to persuade a mortgage lender to finance your purchase. Instead, you'll likely need to apply for a land loan.
    Land loans aren't as common as mortgage loans, so your options may be limited. Also, because of different factors, you could end up with a shorter repayment period and higher down payment and interest rate than you'd find with a mortgage loan.
    So, if you're considering getting a land loan, it's important to know what you're getting yourself into and what options are available to reduce your costs.
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