Need Help With Buying That Piece of Land?
Whether your goal is to make profits through long-term gains or build your dream house from scratch, buying land is the first step on that journey. Contact us today!
Lend & Co – the property loan specialist can help you get your hands on that piece of land you have kept your eyes on. Seek land loan solutions to make buying land easier.
What is a Land Loan?
Land loans are used to finance the purchase of vacant blocks of land. Unlike regular home loans or construction loans, there’s no stipulated time frame for building the home. Land loans are secured with the 100% intention of gaining ownership of the block of land.
What are the Features and Benefits of a Land Loan?
Are you wondering why you should go through the trouble of understanding and acquiring a land loan instead of a standard home loan?
Land loans are a special loan product that offers more flexibility when it comes to purchasing an empty block of land. Here’s a list of benefits of land loans:
- Zero Pressure to Build: With land loans, you can decide on your own timeline for building your house. Unlike home loans, there’s no need to rush construction activities.
- Interest-only Repayment Option: The option to pay interest only for up to five years exists.
- Outstanding Terms: Most home loans offer tenure of up to 30 years at variable rates.
- Ability to Split the Loan: Some lenders offer the feature to split the land or construction loans into up to 10 sub-accounts.
Factors to Consider When Opting for a Land Loan
Buying a block of land is no small feat, which is why you need to be thorough when opting for a home loan too. Among other common factors like interest rate, loan tenure, and fees, here some other factors that you should consider when opting for a land loan:
- Land Size
- Intentions of Purchase
- Availability of Services
- The land is registered or unregistered
Work With Lend & Co and Make Buying Land Easier
Seeking professional help will not only relieve stress but also help you save thousands of dollars in the long run. If you are still wondering whether it’s worth hiring professional land loan brokers, read on to find out what Lend & Co has to offer:
- Personalised Services: All clients are assigned dedicated individual brokers to handle all the loan procedures.
- Honesty & Transparency: Our executives are clear and upfront about all the possibilities when it comes to loan products.
- Expert Guidance: Spending years in the loan industry, all our executives are a treasure trove of knowledge that can help put your queries to rest and answer all your questions.
- Huge Network of Lenders: Access a wide network of lenders and find one that best suits your needs.
- Better Rates and More Flexibility: The huge network of lenders, in turn, gives us access to loan products with better rates and more flexible features.
- Efficient Services: Save time and fast-track your borrowing experience with Lend & Co
At Lend & Co, we try to make the entire transaction of acquiring a land loan and buying that block of land easier for our clients.
Why go overboard trying to make ends meet all on your own?