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If you’d wish to construct a house, be positive to weigh the benefits and drawbacks of a land mortgage to see if it’s best for you. While the thought of constructing your dream residence could sound good, there are other choices out there. This choice could be beneficial for patrons because sellers are typically more flexible than monetary institutions, which suggests it could be simpler to qualify for a seller-financed mortgage than a traditional loan. Seller financing could be helpful for aspiring land consumers who are struggling to qualify for a land mortgage or afford a big down fee.

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