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Do you have that amount sitting in a low or no ......
Posted by TKC (more from TKC) on Thu, 8 Jun 2006 10:55:20
In Reply to: Land Purchase....Pay all upfront or finance?, Carolyn, Thu, 8 Jun 2006 08:13:06
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interest account ? If so, just buy that land with cash and save yourself the time and hassle with filling out application, providing financial documentation, fees, approval, etc.
If you don't have the money readily available, then get a loan. Do you have a house with equity now ? If so, you may consider getting a home equity loan and make sure you can deduct the interest on the loan for the land as if it were for your home.
How much property tax is on the land you want to buy ? Consider that as well and I hope it's cheap 8-).
posted by 12.171.1...
Posts in this Thread:
- Land Purchase....Pay all upfront or finance?, Carolyn, Thu, 8 Jun 2006 08:13:06
- We used an home equity loan, Noel, Fri, 9 Jun 2006 07:01:05
- Re: Land Purchase....Pay all upfront or finance?, jp, Fri, 9 Jun 2006 04:45:16
- Do you have that amount sitting in a low or no ......, TKC, Thu, 8 Jun 2006 10:55:20 <-- Viewing This Message
- Re: Land Purchase....Pay all upfront or finance?, BobS, Thu, 8 Jun 2006 10:40:26
- Depends on the interest rate you get..., Chaz, Thu, 8 Jun 2006 09:11:51
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