From the category archives:

Types of Loans

Home Construction Loans

While purchasing a used home or cookie cutter home from a real estate developer is fine for many people, others want either a newer home or more unique home. For these people, the best option is to have their own home built from the ground up customized to the homeowner’s liking. To build their own [...]

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FHA 203(k)- Home Construction and Rehab Loan

The Department of Housing and Urban Development (HUD) created the FHA 203(k) to fix rehab homes and remodel old ones. They used to have the top construction and rehab loans until major lenders stepped up and offered better loan programs to customers. Now that credit requirements are tighter and loan limits are higher, the FHA [...]

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Commercial Loans

For large business managers and small business owners alike, commercial loans are a huge part of the process. In order to do business in today’s world, you have to have access to money on demand. When you have a big time expense, it is important to find commercial loans to handle that need. There [...]

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Modification Loans – A Type of Construction Loan

A Modification Loan is a type of construction loan that allows certain categories of homeowners to make modifications to their primary, permanent home under varied conditions. While these loan types have interest, the rates are nonetheless low and tailored to helping residents out. With Modification Loans or any type of construction loan, self-education regarding the [...]

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Two Time Close Construction Loans

If you’re looking to build or renovate a home, you are often required to take out a construction loan. There are two types of construction loans. The difference depends on whether you want to pay for the home by the time it’s completed (the one-time close loan), or whether you want to pay off the [...]

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One Time Close Construction Loans

Building a dream home can be both exciting and confusing. Traditional home buying requires a mortgage to finance an existing home. Unlike this type of home buying, one time close construction loans allows planning, building, and taking out a mortgage to be in one convenient loan.
The Basics
A one time close construction loan, also called a [...]

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