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Updated almost 12 years ago on . Most recent reply

Austin Kall's profile image
Austin Kall's profile image
Austin Kall
  • from Minneapolis, Minnesota
  • Member since Aug 27, 2013
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Austin Kall's profile image
Austin Kall's profile image
Austin Kall
  • from Minneapolis, Minnesota
  • Member since Aug 27, 2013
Connect
Austin Kall
  • Minneapolis, MN
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Land & New Construction

Mortgage barrier to new home build?

Austin Kall
  • Minneapolis, MN
Posted

I was seeking a new rural property but all the locations have older homes with poor condition. I contacted my preferred banker and they said I have to pay off the mortgage on the new property even before I consider building a new home on that property. is this standard or are they talking out their ear?

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