What is the difference between a land loan and a regular home loan?
A land loan is a home loan obtained for the purchase of vacant land that is intended for the construction of a residential home in the future. Land loans may differ in costs and conditions from a traditional home loan with possible higher deposit requirements and higher interest rates.
Your expert Aussie Broker can help you find the right loan to help your property dreams come to life. This service is part of your free appointment.