can you borrow against land purchase?

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can you borrow against land purchase?

2007-10-29 04:03:40 · 2 answers · asked by Sandy T 1 in Business & Finance ➔ Personal Finance

2 answers

Do you mean can you get a loan to assist you in buying land?

Yes, but it can be a little more work -- some mortgage companies only lend on developed land i.e. with a house on it. However, if you have a local savings & loan or credit union, they often do loans on raw land. If you have an established relationship with a bank, they might be more willing to lend you the money for raw land as well.

2007-10-29 10:24:19 · answer #1 · answered by enoriverbend 6 · 0⤊ 0⤋

Huh? What is your question?

2007-10-29 11:35:21 · answer #2 · answered by Rush is a band 7 · 0⤊ 0⤋