New Blog 1: Vacant Land For Sale In Michigan

Sunday, 25 November 2012

Vacant Land For Sale In Michigan

Now is an excellent time to purchase land in Michigan. There has not been a period in our lifetimes better to purchase hunting land or to buy farm land. Property values have dropped significantly over the past few years and land loan rates are also very attractive. While there are few land loan lenders in Michigan, they are able to offer great financing programs. Riverbank specializes in buying land in Michiganfor vacant land or recreation land. They offer loan terms up to a 30 year fixed with current land loan rates in the 5′s. Many clients choose to pay off their land loan within 5 years and can take advantage of a 5/1 ARM which is fixed for 5 years and then can adjust up or down thereafter. The rule of thumb is the shorter the length, the lower the interest rates so choose what is best for you.