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What Are the Different Types of Construction Loans?

April 26, 2017Construction different Loans types

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What Are the Different Types of Construction Loans?

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A construction loan is personal financing for building or renovating a house. A borrower can apply for financial assistance for completing a household project or request a significant amount of money to build a home on an empty piece of property. These loans are typically intended to be short-term loans that occur only during the construction phase. There are different types of construction loans available, but they can widely vary depending on the construction project.