I am considering buying an empty lot of land that is zoned for residential use. Let’s say that the lot is worth k. Do I need to save up k of my own money to purchase the land? Or can I get financing to pay for it, from a bank, similar to if I were purchasing a condo or house? And if so, are the interest rates for a loan on a plot of land the same as the rates for a condo/house? With similar terms (ie – 15 year, 30 year loans, etc.). Or would things be different since the loan would be much smaller than a loan you would get for a condo/house?

We’re having a title search done on the property before we buy. His attorney will draw up the financing contract and I’ll have my attorney go over it as well before we sign. I just want to be sure I have some idea of how we can protect ourselves as buyers from the seller taking out loans, etc when discussing this with my attorney.

I’ve had a few people come ask me if I’d be interested in a free consultation to just look at my finances, loans, etc. and see if they "can help me" What is it that they actually help you with? And at what point do they actually get paid? And are they really worth it?

THANKS!

What are best options and how to aviod paying heavy interest on loans ?

I have a truck and i went to my bank that i have a loan through and said i had to put 10% down of what i owe on the truck to get it re financed so my payments are lower. Is this true for every establishment that does loans and re financing? I there a way i can re finance without putting money down to do it?