Construction Loans vs. Land Loans: Which is Better?
Are you planning on purchasing a plot of land and custom building a home? You may have wondered what kind of mortgage should you be considering. Should you go with one of the loans for construction or does it make more sense to choose land loan financing. Before delving into this greater it is essential to note that a construction loan is used to finance the purchase, construction, improvement, or alteration of real property.
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