RE: Questions on buying land
There are many ways to do it. Most banks don't want to go over10-15 years on raw land. But it depends on how much land and what it is used for. The bigger the acreage andwhether ti has some produced income figures in to the mix. When I bought 5 acres to build a house on in the future, the "amortorized" it for a 15 year pay out, meaning that the payments I made were based on a 15 year payout, but it was a balloon in 5 years. In other words, I had to either pay it off or refinance it at the end of 5 years. however, I built a house in 2 years, and the land loan was rolled into the loan on the house, so it never made it 5 years. When I went partners on a several thousand acre ranch, they financed it for 15 years straight out. In certain cases they may go longer, but again, if you are just buying it as an investment or hunting property, and won't make any income off it, don't expect them to go really long on the years unless you are an exceptional customer.
Venor ergo sum (I hunt, therefore I am)