11 Feb 2020

Land Loans – What You Need to Know

If you are considering purchasing land to build a home, it is important to understand that the loan necessary to purchase the land will be quite different compared to your regular mortgage. Here are some of the key points to understand when you are pursuing a land loan: 1 – Not All Land is Created Equal As stated above, not all land is the same. Land can have a variety of improvements, many which are

By Christine Schneider | | In Home Buying Tips and Advice | Read moreLeave a comment
11 Feb 2020

Building a Home – The Loan Process

To finance a home on a vacant lot you will need to obtain a construction loan. These vary drastically when compared to residential loans since they are directly associated with building a house. Construction loans have different terms and bring different value to the borrower. Here are the steps simply outlined to build your dream home from the ground up. Getting the Land Before you can build a home, you will need to secure the

By Christine Schneider | | In Home Buying Tips and Advice, How to | Read moreLeave a comment