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Tag: Loans

Posted on 06/05/2022
VA Loans for First-Time Homebuyers: A Basic Guide
If you've served in the U.S. military, a VA loan might be an excellent way to finance your first home. If you're interested in using this benefit, it's important to know the steps involved. Here is a basic guide to buying your first home with a VA loan: Get Your Certificate of Eligibility A certificate of eligibility from...
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Posted on 10/10/2021
Construction Loans vs. Traditional Home Mortgages
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 08/08/2021
How is a Land Contract Different than an Mortgage?
Image by mohamed Hassan from Pixabay A land contract and a mortgage have a number of similarities. For example, you can use either option to purchase a home Both loans must be repaid on a monthly basis. Understanding the Differences A land contract is a legal agreement between a buyer and a seller. Rather than a traditional mortgage...
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