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construction to permanent loan

Are Two Loans Better Than One? It All Depends . . .

Financing New Construction There are a multitude of ways for Buyers to finance the construction of a new home, including going through the builder (especially true of the bigger ones). However, the two main choices from bank lenders are:  1) what’s called a “construction-to-perm(anent) loan”; and 2) an initial mortgage to purchase the lot, followed...
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