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A: Simple answer discover "yes." Are usually exceptions to this as well, but most bankers want the land as the collateral they've got at basic. Yes, and they'll want first position on that land during the Construction steps. In some cases, the bank will count the land as part or most of the 20% down payment requirement.

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For those found on the inside, construction is a different memory. Construction people are different. They are risk takers. Construction company owners and engineers make major decisions several times a moment. They understand the value of time, especially extremely own. They all know their ticket to their next job is going through the current one, hopefully with a return to show for their efforts over the following few done.

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