perlenmann
2011-05-17 10:01:58
- #1
Because it doesn’t always make sense to pay for the land in full in cash and then finance the house separately – or is the house also paid in cash? That doesn’t save you any trouble or money either, the amount to be financed remains the same.
Regards
Peter
What do you mean by not always? Explain that.
In the end, everything is part of one big financing anyway. Whether I finance 100k for the house and 50k for the land or 150k for the house, what’s the difference????
And it does save trouble/money, because the notary doesn’t have to register a land charge for the seller of the land as well.
Besides, you need the land first; if it’s included in the financing, I’m already paying interest from the purchase date. I paid it in cash, so I only start paying interest from the foundation slab!