Do you plan to buy land that doesn’t have a home on it yet? You may not be able to get a mortgage, even if you have the good intention of building a home on the land ‘someday.’ Mortgage lenders don’t like to take the risk on unimproved land. It doesn’t hold its value and it certainly doesn’t Read more
What Does Zero Lot Line Mean?
Purchasing a home means hearing many real estate terms. One you may not be familiar with is zero lot line. Because this scenario can play an important role in your home ownership, you should understand it. Looking at the advantages and disadvantages of this type of property can help you decide what Read more
Can You Use a Conventional Loan to Buy Land?
Conventional financing is the most common type of financing borrowers try to obtain, however, if you wish to buy land, it might not be the best choice. Many lenders do not offer conventional options for a land purchase. This is because purchasing land does not offer the same type of collateral as a Read more
