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Non-Cattle Specific Topics
Every Thing Else Board
this is a new twist
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<blockquote data-quote="GMN" data-source="post: 655658" data-attributes="member: 2382"><p>Well.. now buying land is somewhat different. You can get variable loans on land, up to 15 year, and pay a somewhat larger morgtage to get it paid off sooner, although even with a 30 year morgtage, you can always pay ahead and get it paid down alot sooner too.</p><p></p><p>Most people cant save for land because its too much money to come up with when the land is available, and establishing good credit is a must for any type of farmer, or any other person. have to have the good credit to get any type of loan, so its not a bad thing to have a morgtage.As long as you manage your credit to your advantage its not a bad thing.</p><p></p><p>GMN</p></blockquote><p></p>
[QUOTE="GMN, post: 655658, member: 2382"] Well.. now buying land is somewhat different. You can get variable loans on land, up to 15 year, and pay a somewhat larger morgtage to get it paid off sooner, although even with a 30 year morgtage, you can always pay ahead and get it paid down alot sooner too. Most people cant save for land because its too much money to come up with when the land is available, and establishing good credit is a must for any type of farmer, or any other person. have to have the good credit to get any type of loan, so its not a bad thing to have a morgtage.As long as you manage your credit to your advantage its not a bad thing. GMN [/QUOTE]
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this is a new twist
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