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How is a Home Construction Loan Different from Buying an Existing Home?
Building your own home can be an exciting time! There are numerous decisions to make and the ability to make your dream home come true. With that excitement, however, comes the need to have a different type of financing. Unlike purchasing an existing home, you will...
3 Reasons you Need a Feasibility Study on a 203K Loan
Getting a 203K loan is a lengthier process than any other loan, but the work is worth it in the end. Because you are receiving money to make renovations to the home, the lender needs to know exactly what the home needs as well as what you wish to do to it. You cannot...
The Steps Necessary to Buy a Home with a 203K Loan
Buying a home that is in perfect condition and has the exact layout you desire is no easy task. In fact, some people find it near impossible. Rather than giving up or giving in to purchasing a home that you consider “just okay,” you can use the 203K loan program that...
How to Recover From a Home Foreclosure
Have you lost a home in foreclosure and assume your options for homeownership are over? Don’t lose heart. It’s not as bad as you think and if you take the right steps, you may get out of the mess sooner than you think.Compare Offers from Several Mortgage Lenders.BUILD...
What is the Required Documentation for a Construction Loan?
When you are in the market for a construction loan, you have to present a lucrative package to the lender in order for him to want to approve you for the loan. This is not an easy task as lenders are very choosy about who they provide construction financing to because...
