Posted on: 02nd Dec, 2010 02:10 pm
Hey all,
I've purchased a lot in a development I would eventually like to build a house on, but at the current time I just want somebody to finance it.
What options do I have and what are the typical terms and requirements?
Are these hard to get nowadays?
TIA
I've purchased a lot in a development I would eventually like to build a house on, but at the current time I just want somebody to finance it.
What options do I have and what are the typical terms and requirements?
Are these hard to get nowadays?
TIA
Hi petroleumengineer,
You will have to contact the local lenders and apply for a mortgage. The local lenders will check your financial status, your credit score and other requirements and let you know whether or not you can get a mortgage.
You will have to contact the local lenders and apply for a mortgage. The local lenders will check your financial status, your credit score and other requirements and let you know whether or not you can get a mortgage.