Each year as summer comes to an end, many people throughout the upper Midwest shift their focus to the upcoming harvest and hunting seasons. Many families come together during this time to work and play, as well as share stories, laughs, and eat too much food! There is something special about owning your own piece of land. Whether it’s deer camp stories over a wood fire with close friends and family, watching the excitement in the eyes of a young hunter who has just taken their first deer, watching your dog appear through the smoke on the water after retrieving a duck, hearing the hurried cackle of a flushed rooster, or just going for a walk or ride through your own piece of property to enjoy the changing fall colors, owning your own piece of land helps bring these dreams to reality.
Hunting and recreational land tends to change hands frequently during this time of year. These land purchases are investments, as well as memory makers, that can involve strong emotions and have a lasting impact for years to come.
With these decisions come questions. Can I afford it? What are my options? Is this truly right for my situation? It is important to first recognize that everyone’s situation is different, which is why it matters to work with someone who has the experience to answer these questions and can provide customized options to fit your situation. Ultimately, the goal is to make the best decision that is right for you and your family.
Exploring Options
There is a lot of talk happening right now about financial options and interest rates. Let’s touch on some options that we offer at AgCountry.
With no prepayment penalties, along with fully-fixed, fully-amortized loan products, our financing options mean your rate will never go up through the maturity of your loan. That means no adjustable rate and no balloon payments. We also have flexible terms to find the right mix between your monthly budget and minimizing your overall interest expense.
Is a higher-rate environment holding you back from buying that property of your dreams? We have you covered. We offer a rate conversion feature that allows you to capitalize on lower rates when the market shifts down for a very small fee and rapid turnaround. This can be done annually, so if you don’t happen to hit the rate at the bottom, no worries. Your rate will never go up, but you can take advantage of lower rates if they are available. Refinancing of real estate loans can be very expensive, time-consuming, and can take you years to break even financially. Our rate conversion feature takes all this stress and risk away from you.
Whether you are a full-time farmer, a part-time hobby farmer, or just someone wanting to buy land in the country, our team is here for you! Our mission is to serve all of agriculture and rural America. We are here to walk beside you through every step along the way. We share in your excitement and offer different perspectives to limit any stress or uncertainty and ensure you have the right plan in place prior to your purchase.
Call or visit your local AgCountry office to get connected with our Home and Rec Land lending team. We can start creating a plan to bring your dreams to reality.
