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Apply for a construction loan - Why, when, and how to


Apply for a construction loan - Why, when, and how to

What is a construction loan?

Construction loans are normally opted by homebuilders or new homebuyers. These are short-term loans with the tenure of maximum 1 year. Construction loans are taken out for making payments of construction costs and other necessary expenses during the entire construction period.

80-10-10 loan – Things you need to know being a new home buyer

You’ll get to know the term “80-10-10 loan” when you deal with a mortgage broker or start shopping for a home. This loan is also popular as a piggyback loan and made by combining more than one loans. 80-10-10 loan is customized to help its consumers so that they can save bigger.

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