construction loans

How to finance your new home

How to finance your new home

What you need to know and do to make the mortgage process easier. When you buy a new home, images of beautiful kitchens, sumptuous master bathrooms, and abundant closet space may cross your mind, but you shouldn't forget an important step called financing. When you're buying your dream home, the main questions to ask yourself at the start of your search include: Are my credit reports accurate, up-to-date, and correct? What information will I need to collect to apply for financing for my new home? What can I pay with a mortgage? What are my credit options? Where can I…
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How to finance your lot and its construction?

How to finance your lot and its construction?

Most consumers have at least a working knowledge of what mortgage lending is. Those long-term loans are a staple concept in the world of household finance. These loans give homebuyers access to funds to pay for what may be their biggest lifetime investment, and what will be paid in installments over many years. However, homebuyers are usually not as familiar with the options for financing a lot and building a home. If you are interested in building your dream home, there are usually two paths to lot financing and construction. Lot Loan + Construction Loan The vast majority of buyers prefer to secure the site of…
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