Making a large purchase in life can be both exciting and a bit nerve-racking. Buying a farm is no different. In many ways, applying for a farm loan is quite similar to that of a home loan, but there are still some important differences you should be aware of when preparing for your purchase.
Finding the perfect plot of land for future home construction, agricultural production or other investment purposes is a once in a lifetime opportunity for many rural property buyers. That’s why, when the opportunity arises, you need a lender you can depend on to help guide you through the process.
Leveraging the equity you have in rural property can provide the funds you need to buy additional acres, construct a home or barn, or remodel an existing structure. Patrick Coates, Farm Credit East Mortgage Specialist, shares few scenarios when tapping into this equity may be beneficial.
People decide they need a forester in a few situations. Whether landowners are trying to value their property or property they are looking to purchase, this article is chock-full of valuable information on how to find a forester, choose a forester and what you need to get the job done.