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Construction Loan Process | Get Educated on Home Building – There will be many people involved in your construction loan process. Knowing the responsibilities of each party is essential to navigating the process. The loan process can vary considerably from one state and county to another, but this is a general overview of the process, featuring the major players in your construction loan process.
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The Construction Loan Process Building your dream home can be an exciting, satisfying and personally gratifying experience, but all too often construction financing is an afterthought. Spending all of your time finding the perfect lot and a great builder, and not enough time finding the right construction financing, can turn your dream into a frustrating, [.]
· Qualifying for a construction loan is harder. When you apply for a loan to build a home, the lender doesn’t have a complete home as collateral, so qualifying for a loan can be more difficult.
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