homeconstruction

6 minutes read
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 have a construction loan, which in reality is two different loans that work into one loan in the end. The eligibility process is similar for bot...
6 minutes read
Financing new home construction is more detailed than any other type of loan. Banks are less willing to hand out these loans to just any borrower because they hold such an element of risk. If you do not have an adequate credit history or have any other factors that make your loan profile seem risky, you will likely not be able to obtain the loan. If you are among the lucky that are able to secure this type of ...