What is the difference between a land loan and a regular home loan?
A land loan is a home loan used for the purchase of vacant land possibly intended for the construction of a residential home, but won't be built on for at least the next 12 months. It could be a way to secure a block of land on which to build your dream home, or a way to diversify your investment portfolio.
A number of lenders offer land loans, but each has their own set of terms and conditions. We can help you understand these special conditions, where they apply, as well as help compare the options that are available to you from our panel of lenders.
Chat to a Lendi Home Loan Specialist today by calling 1800 323 181.