Distinctions And Similarities Between Land Loans And Residence Mortgages

That perfect little bit of land with mature woods and a pond has arrived on the block. Your household has discussed building a house within the next years that are few. Now, you simply want to get a land loan before any designing of the homely home may take destination later on.

Is obtaining a land loan exactly like a true home mortgage?

Well, there are a few big similarities plus some distinctions, states Jim Nowak, local vice president and sales & customer rel ations for the Mid-East Region of GreenStone Farm Credit Service in East Lansing, Mich. Continue reading