Totally confused with land and construction loans....
Hello! I have spent the day trying to get info on our future loan. We are in contract on the lot but will wait until our current house sells before construction begins. Hopefully that will be soon! Anyway, I know financial matters are private and personal, but I was wondering if you can share your tips and thoughts with me. Did you do a land loan with the same place you are doing the construction loan? Once our house sells we could pay the lot loan off completely. We like one company for the lot loan, but I don't like how they do construction loans. My head is spinning and I know we need to get the ball rolling on the lot loan.