06-16-2018, 01:50 AM
Seeb - No bank is going to give you a mortgage leased land.
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Not true. You can get a mortgage on leased land. In most cases though, the mortgage term must be less than the lease expiration date. For example, if your lease is 20 years, the mortgage cannot be a 30 year term.
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Not true. You can get a mortgage on leased land. In most cases though, the mortgage term must be less than the lease expiration date. For example, if your lease is 20 years, the mortgage cannot be a 30 year term.