What to Know About Mortgages For Land & Rural Homes in Ontario
Posted by Frank Polsinello on
If you're looking to buy land or a rural home in Ontario, you might be wondering about the different types of mortgages available to you. Purchasing rural property comes with unique challenges, and it's important to have a good understanding of the mortgage options and requirements before you start shopping. In this article, we'll cover everything you need to know about mortgages for land and rural homes in Ontario.
Understanding Mortgages for Land and Rural Homes
When it comes to buying rural property, you might be surprised to learn that the mortgage options can be quite different than those for a traditional home in a city or suburban area. There are a few key differences to be aware of:
Land Loans
If you're buying raw…
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