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| Mortgage Professor about post and beam home construction: | |||||||||||||||||||||||
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Pitfalls in the Financing of Home Construction
March 22, 1999 " My wife and I are considering having a house built for us and I would like to know the basics of combination construction/permanent mortgages. What do we look out for?" Construction can ... more... Which Reverse Mortgage Plan Do I Choose? April 8, 2003 ?I am 79. The counselor I saw in connection with my reverse mortgage told me that Fannie Mae?s Home Keeper product would provide me with more money than FHA?s Home Equity Conversion Mortgage, but that Home Keeper would cost me more. The decision was mine ... more... |
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post and beam home construction related definitions |
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Interim Financing
Interim Financing A construction loan made during completion of a building or a project. A permanent loan usually replaces this loan after completion. Interim loans are used to bridge the gap between the construction loan and the permanent loan (hence bridge loans) ... more... Bridge Loan Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... |
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More about post and beam home construction Free Tips That Will Dramatically Increase the Selling Value Of Your House (Part 1) How to Make a Wise Home Purchase and Avoid the Top 14 Home Buyer's Mistakes Pricing Your Home for Sale Negotiating the Sale of Your Home Will The Real Home Buying Guide... Please Stand Up? Home Based Business Financing Guide Getting a Home Inspection Should You Buy Old or New? Hot Temperatures Putting Your Utility Bill Through the Roof? Home Equity Loan Improvements
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