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Getting A Mortgage When Building Your Own Home – Once construction on your house is completed, you can either refinance the construction loan into a permanent mortgage or get a new loan to pay off the construction loan (sometimes called the.
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How to Get a Home Loan to Build a House – Budgeting Money – Getting a loan to build a house requires more time and patience than obtaining a mortgage loan, and you’ll have to provide considerable documentation to the lender. Borrowing the money to build a house is worth the effort because, in the end, you’ll have your dream home.
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