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Can You Finance A House AND Include The Lot Beside It?
Manage episode 352264694 series 3159246
Tim Hart द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Tim Hart या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
I see this situation often. Seller is selling a house and they own the land beside or behind it. They want to include the land in the sale BUT the land is a separate parcel.
Can this all be financed with one mortgage, or does the lot have to be joined with the house on the same parcel? The short answer is that as long as the lot is connected to the subject property you should be ok. If the lot is not connected to the subject property then you will not be able to include it in the new mortgage.
In this video I answer that question and go into more detail on what will and won’t work.
Have you seen this issue blow up a deal? Just curious.. Have a rate day!
I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!
· Apply for a mortgage now at https://myvandyk.vandykmortgage.com/dr/c/qojpr
· TEXT “APPLY” to 239-437-4278
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