FamilyLending.ca Capital Fund can help you get flexible financing that is specifically for agricultural land. We see your potential and help you achieve it.
Some buyers mistakenly borrow a residential mortgage for rural property, which can cost them $1,000’s. Agricultural mortgages often have:
- lower interest rates
- more flexible payment plans
- periodic payment choice
- the option to transfer a mortgage to another person (generally a family member)
FamilyLending.ca Capital Fund can also help you refinance your agricultural mortgage.
Agricultural Mortgages Are Not Restricted to Farm Purchases
Other types of properties may qualify for agricultural mortgages, including:
- Nurseries
- Ranches
- Pastures
- Gardens
- Renovations to rural real estate
FamilyLending.ca Capital Fund Provides Financing For:
- Operating capital
- Equipment purchases
- Solar and Wind energy projects
- Farmland purchases
- Land tiling and improvements
- Equipment storage, Feed storage, Grain storage
- Greenhouses
- Agri-Business Financing
Mortgage Refinancing
When market conditions are favorable, you may want to consider financing your mortgage to save interest. When fees are all accounted for, the savings on interest over time can be quite significant. It’s smart to talk to a mortgage professional to get an accurate assessment.
Agricultural Mortgage Rates
As with all mortgages, rates on agricultural mortgages rise and fall based on market conditions. It is important to decide if you want a variable rate or fixed rate agricultural mortgage.
Fixed Rates offer stability through the life of the repayment period. Your rate is locked in and your interest payment is consistent over the financing period.
Variable Rates rise and fall with the market. It benefits you if you know the market rate will go down in the future. But if mortgage rates spike, your interest rates can increase substantially. Not advisable if you are on a tight budget where you depend on a steady rate.
FamilyLending.ca Capital Fund’s qualified mortgage brokers can help you choose the best type of rate for you.
To learn more, contact FamilyLending.ca Capital Fund for a free, no-obligation consultation.
1-226-996-9789