Email us at: raminmalek@mortgageprime.ca
Got Questions? Just Call 604-506-7909

Land Financing 

For lenders, land loans are riskier because the loan’s collateral, the property, isn’t being used for housing, at least in the near term. That makes it easier for an owner to walk away and leave the lender stuck with the land. Because of that risk, down payments and interest rates are typically higher for land loans than for mortgage loans.

As might be expected that makes it more complicated to get a loan to purchase a land.

However we are very experienced in this field as well and definitely can offer you the best available solution.

 

Back to Top
Enter your Infotext or Widgets here...