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House Appraisal Process – Getting a House Appraised – Let us help clarify the home appraisal process. During the home-buying process, obtaining a home appraisal is a critical step. Let’s take a look at some of the frequently asked questions.
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A mortgage and a home equity loan are different types of debts using your home as collateral. If you don’t make payments, the bank has the right to foreclose on your house to collect its money.
How to Buy & Finance a House that Needs Repairs – InvestFourMore – Why can't you get a loan on houses that need work? Most lenders will use FHA guidelines to decide what condition a home needs to be in.
How Construction Loans Work When Building a New Home – How Construction Loans Work: The Basics. I’ll start by separating construction loans from what I’d call "traditional" loans. A traditional home loan is a mortgage on an existing home, that generally lasts for 30-years at a fixed rate where the borrower makes principal and interest payments for the life of the loan.