Category: New Hampshire Acceptance Installment Loan

Ways to get a construction loan without any money down

17th March

The quick reply to the question “Can i personally use my land as equity for the construction loan” is yes.

You land outright (no mortgage or liens) you can likely use your equity in the land toward the purchase of a new home if you own. In this situation, you could utilize your equity within the land as collateral or have a loan that is nwe home and employ the funds as being an advance payment on building the new house.

There are some other facets, needless to say. The worth of the land, the product product sales cost of the home you want to build, your credit score/credit history and loan programs it is possible to qualify for will all be determining facets in the usage of land as equity for a financial loan.

Just how to Use Land … Read More »