03-30-2009, 12:55 PM
When I bought my property in Puna, I first talked to the mortgage people who told me to send in $750 with my loan application. I just put it on my home equity line on my house in Oregon. The interest is variable, I'm sure it will eventually increase but right now it's about 2.99% about 55 dollars a month for my 1 acre lot.
There was no getting qualified or the land being approved by the bank, they don't care what you use the money for.
Tom
There was no getting qualified or the land being approved by the bank, they don't care what you use the money for.
Tom