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Started By
Message
whats a good interest rate for property loan?
Posted on 4/2/13 at 9:12 pm
Posted on 4/2/13 at 9:12 pm
I know property loans are higher than house loans. Anybody know what is good these days?
3
Posted on 4/2/13 at 9:48 pm to vettegc
does it have utilities?
lot? or acreage?
lot? or acreage?
Posted on 4/2/13 at 10:41 pm to guesswho
7 acres... One day will build house there.
Posted on 4/2/13 at 11:33 pm to vettegc
You will get around 7% then. Sucks and you need 20% down
Posted on 4/3/13 at 5:23 am to guesswho
quote:
You will get around 7% then. Sucks and you need 20% down
This is what a local bank is offering.
Posted on 4/3/13 at 7:17 am to vettegc
You may be able to do better in you can convince them it's farm land and get a govt sponsored loan
Posted on 4/3/13 at 7:56 am to vettegc
I'm getting 4.5% locked in for 5 years on a 15 year loan for 2 semi-cleared acres. Plan to pay off within the first 5 and they require 15% down...
Posted on 4/3/13 at 8:24 am to StinkBait72
We got 6% with 20% down when we bought our lot.
Posted on 4/3/13 at 8:31 am to guttata
quote:Same thing I got
We got 6% with 20% down when we bought our lot.
Posted on 4/3/13 at 4:57 pm to saderade
lots and land are different animals. Also depends on improvements on the land
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