Yes... land can loan...
The problem with less ppl doing this is...
The amount of $$ u need to fork out to build the house.... that one u need cash and can hardly loan from bank.
Buying Bungalow lot land
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 Apr 1 2015, 05:31 PM
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Apr 3 2015, 10:41 AM
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QUOTE(Clueless07 @ Apr 3 2015, 08:15 AM) are u saying- for the house construction works we cant get housing loan? U see... means it will be via different package? higher interest and lower margin of finance?  If you buy a house.. u get a loan say 90~95% these days.. that cost that you paid for the house is actually the land + the building. Now you go buy a land, you can get around 60~70% loan.... if you dont include building plans on it. Then you go take a construction loan, again the margin of financing is probably around 70% at best. Now you see the amount of cash u need to fork out for this endeavor? |
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