Financial Information
the search for better financing options for loans recreational land?
15 hectares of fallow land. All waterfront property. Rural Ozarks in Arkansas, still unknown type of recreation area. I feel like the local bank, which is to analysis, to give no one has bad business and the closure comes. We agreed verbally, 3 year balloon with 10 years in office. I do not know how to apply for a loan in the land market shop. Great credit. 20% down, no problems. ? How can I shop for a loan, without hurting my credit card, by asking simple answer
of the Colorado
chance Countrywide.Good call
This entry was posted by admin on July 12, 2011 at 6:56 pm, and is filed under finance. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
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#2 written by landmoneytax 7 months ago
YOU SHOULD CONTACT OTHER LENDERS IN YOUR AREA FIND THE LOWEST INTEREST RATE AND TAKE OUT A LOAN FOR THE PRINCIPAL ONLY AND MAKE YOUR PAYMENTS ON TIME IM SURE BANKS IN YOUR AREA WILL BE GLAD TO HELP. http://www.freewebs.com/rrland LOWERCASE
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#3 written by livigninchrist! 7 months ago
Bank of America hands down has the best land loans I have seen. The down payments are low and the rates are fairly good. I have been selling vacant land for several years and the easiest and cleanest deals are when the client uses BOA! I doubt that you will need to use your entire 20% on a land loan at BOA. I have seen them do 5% down on $ 175,000 land deal.
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Lenders who specialize in land loans, or are members of the Farm Credit System, often have better deals than run-of-the-mill banks. See one of each in the following links. Good luck.