As a loan officer, I've seen a few people go through the same scenario of basically breaking even. 

@Jon Ankenbauer you won't be able to keep the land separate from any future construction loan.

I got the loan.

You'll need to hire a title company to find out. 

I called my local insurance company, as well as two major companies and was told "good luck." 

If I'm not mistaken, you'll need to setup your RRSP with Trust holding company such as Olympia Trust or Canadian Western Trust, etc. 

It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

@Enrique Toledo  If the seller is firm at 10% down, you can always get a personal loan for that 10%. 

Not wanting to sound like an attorney, but companies like the teaser because they are on firm legal ground: so long as company clearly tell consumer prior to purchase when they must cancel by [knowing statistically enough will not comply in time to make the teaser marketing profitable] be it rebates on computer software that many folks will fail to mail in, or real estate CD w/â€mentoring†or whatever that some unfortunate folks will not timely cancel, or Chrysler minivans forget to return….Legrand was very ethical each time I or my partners have tried his teasers [no Mr.

I borrowed $30k on a personal loan from Discover for 15% with no fees for a plot of land and paid "cash" for it.