With unfinished lots, lenders tend to keep loan terms shorter (five to ten years, for example)
By G5global on Thursday, March 31st, 2022 in what do pawn shops buy. No Comments
With unfinished lots, lenders tend to keep loan terms shorter (five to ten years, for example) Finished lots are less risky for lenders, so they’re more likely to offer single-step construction loans that convert to “permanent” (or 30-year) mortgages after completing construction. Reducing Lender Risk If you’re buying raw land, pawn shop NV you’re not […]
