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Smaller tracts that can be sold to build on is more appealing. 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 fast cash loans brisbane, your debt ratios will be improved. The bank would look favorably at this. Video of the Day. After assessing your credit and income documents, the loan officer will take a loan application.