Land loans are unique financial products, and they are handled differently than mortgages and other secured loans. But borrowing money to purchase raw land is not quite that straight forward. Unless you're in a position to pay cash up front, you'll need to borrow some money to finance the purchase. Additional documents may be required based on the applicant’s profile and the provider’s requirement.Everything You Need to Know About Land Loansīuying a parcel of land, either as a long term investment or on which to build a new home, is not quite as simple as you might think.
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