How many years can you finance undeveloped land for?
Monday, January 12th, 2009Lynda M ♥ asked:
My husband and I are trying to move and want to buy land to buy a home. We have enough for $8000 down but need to finance about $19000. We want to buy it now so that we can build on it at a later date (in around 6 mos to a year). We don’t want anything with a balloon note or ARM. How long can we finance it for and at what %?
My husband and I are trying to move and want to buy land to buy a home. We have enough for $8000 down but need to finance about $19000. We want to buy it now so that we can build on it at a later date (in around 6 mos to a year). We don’t want anything with a balloon note or ARM. How long can we finance it for and at what %?
