Author: erlstealth

land loan rates

Land Purchase Loan Rates: Everything You Need to Know

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Thinking about buying a piece of land, but unsure what to expect for financing costs? You’re not alone; securing a loan for raw land is a distinctly different process from obtaining a standard home mortgage. For instance, lenders often require much larger down payments, typically ranging from 20% to as high as 50%, because vacant … Continued
buying land on a beach

What You Need to Know Before Buying Land on a Beach

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Owning a piece of coastal paradise is a dream for many, but the reality involves unique challenges that go far beyond the beautiful views. In fact, properties within coastal floodplains can face insurance premiums that are significantly higher than inland properties, a crucial detail to know before buying land on a beach. Evaluating a coastal … Continued
private money lending land

Private Money Lending for Land: How It Works, Rates, and Risks

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Securing traditional bank financing for raw land can be difficult, as banks often deny these loans due to the lack of income-producing collateral. This is where private money lending for land becomes a powerful tool for investors, offering a faster and more flexible alternative. These loans can often close in just 7 to 14 days, … Continued
cross collateralization

What Is Cross-Collateralization? Definition, Examples, and Risks

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What is cross-collateralization? If you’ve ever used one property to secure more than one loan, you may already be exposed to it—sometimes without knowing. In banking, cross-collateral clauses can tie multiple loans to the same asset, which can limit refinancing options and complicate selling; one study of lender disclosures found cross-collateral language appears in many … Continued
waterfront land appreciate faster

Does Waterfront Land Appreciate Faster? Market Trends, Data, and Key Drivers

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Waterfront properties have long been considered a premium asset, but many investors ask a critical question: Does waterfront land appreciate faster? The simple answer is that while market conditions vary, historical data shows waterfront lots often command a price premium of 40% or more compared to similar inland parcels. The fundamental principle of limited supply … Continued
construction job title and descriptions

A Comprehensive Guide to Construction Job Titles and Descriptions

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The intricate nature of the construction industry poses significant challenges, whether you’re recruiting for a new endeavor or seeking your next professional advancement. Over the next decade, the U.S. Bureau of Labor Statistics projects around 723,500 job openings each year in construction and extraction roles. This makes it more important than ever to understand what … Continued
how long is preapproval good for

How Long Is a Preapproval Good For? What to Know

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“How long is a preapproval good for?” is a key question every smart homebuyer should ask. Most mortgage preapprovals last 60–90 days because lenders base them on recent credit, income, and asset checks that can change fast. In today’s market, many buyers refresh their preapproval at least once, and even a slight shift in credit … Continued
how deep you need to drill a well to get water

How Deep Do You Need to Drill a Well to Get Water?

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How deep do you need to drill a well to get water? If you’re thinking about buying land or building a home in a rural part of the U.S., this is one of the most important questions to ask. Across the United States, the average well depth for residential use ranges from 100 to 400 … Continued