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For those that have bought land.....
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Jessica
I'm a mommy :)
Member since 1/06 7322 total posts
Name:
~Jess~
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For those that have bought land.....
was it hard to get a mortgage? Do only certain banks offer you a mortgage on land?
We're looking at land to buy but just wanted to be prepared about what happens next.
Thanks
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Posted 5/24/06 5:05 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
kaklesmay
Love my baby boy!
Member since 9/05 1151 total posts
Name:
Kim
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Re: For those that have bought land.....
I dont think you can mortgage land...
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| Posted 5/24/06 5:08 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: For those that have bought land.....
You sure can..most banks will give you a mortgage on land. I don't know if the mortgage would be different though.
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| Posted 5/24/06 6:06 PM |
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HarleyGirlFLA
Come on in
Member since 5/05 9674 total posts
Name:
Mel
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Re: For those that have bought land.....
I believe you can. I dont know all the information though. When we bought our land in FL nearly 4 years ago the price was so low we paid for it without a mortgage or loan.
Our land served as our downpayment when we decided to build. We bought the land Feb 2002 and signed papers to build July 2004.
Land now in our area is going for min $50,000 for 1/4 acre
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| Posted 5/24/06 10:34 PM |
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