The loan officer will discuss with you the percentage of the value of the land that may be offered. Be prepared to consider around 50 percent of the value of the land. (Example: If the actual value of the land is 60,000, he may offer you 30,000).
Also, be prepared to discuss the loan's purpose. If you are paying off other debts, your debt ratios will be improved. The bank would look favorably at this.
Excellent customer service. They stayed late on a friday to get me a loan. Would definitely use their service again. What can i say. The service was fast easy and exactly what I expected. they have office in my city and have great customer service. Gabriel explained the loan very well and informed me the best way to pay.
I will continue to use this service.
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