Tag Archives: Building A House

How does having our lot already paid for play into the equation for a home mortgage loan for building a house?

shon h asked: For example, we are buiding a home for $300,000. We need a loan for $200,000 and our land is worth about $30,000. Do we receive “credit” for a clear lien - making the loan amount actually $170,000?Rent A Car Enterprise

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