- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Paying off lot vs Saving up the cash for construction loan.
Posted on 4/27/14 at 1:36 pm
Posted on 4/27/14 at 1:36 pm
If I was to buy a lot, but not want to build on it for 4-5 years, would it be beneficial to try and pay off the lot and use it as the 20% or save the cash and just put the down payment on the lot and combine the lot and construction loan at the end into one mortgage?
2
Posted on 4/27/14 at 2:42 pm to TigerSaint1
I'm in same situation. I'm paying off the lot.
Posted on 4/27/14 at 4:02 pm to guesswho
In the exact same situation and will be paying off the lot.
Posted on 4/28/14 at 10:03 am to daviddsims
quote:
In the exact same situation and will be paying off the lot.
I close on my lot this Wed and my plan is to pay off the lot too.
Posted on 4/28/14 at 11:33 am to TigerSaint1
the lot can be used as your down payment or part of your down payment on the construction loan. So i would advice paying the lot off.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News