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Joined: Jul 2019
Posts: 1,912
8 point
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8 point
Joined: Jul 2019
Posts: 1,912 |
Recreation land loans are higher interest than mortgages, because they are higher risk. and interest rates are up. Don't wait around for rates to drop though, because they are only going up. Inflation is also lowering the value of the down payment you have saved.
I got mine in May for 6.5% through First South Farm Credit. Rates were competitive, good communication, and a simple application process.
My identity was stolen around the same time. It made me concerned they were sloppy with my information. It was probably some hacker or my ex-wife though lol.
Last edited by redgineer; 11/08/22 08:37 PM.
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