Tag: Loan

Posted on 07/25/2021
Mortgage vs Construction Loan: Understanding Key Differences
Image by pasja1000 from Pixabay Most homeowners have a mortgage against their house, and homebuyers who purchase existing homes usually secure a traditional mortgage before closing. When building a new house, however, you’re likely to need a construction loan before getting a home mortgage. Here’s a breakdown of each, including how they’re used in the new home building...
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Posted on 05/23/2021
Are You Eligible for a Rural Loan?
Photo by Pete Linforth via Pixabay Vacant land is a hot commodity – especially for builders. If you’re searching for a home, you may find one in an area that’s growing in population but still offers great lots. Interestingly enough, these areas that look like thriving cities could be zoned in an area deemed “rural.” If so, you...
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