Finance Home Construction Loan

Top Articles

Home equity loan - A home equity loan is a type of loan in which the borrower uses the equity in his home as collateral. These loans are sometimes useful for families to help finance major home repairs, medical bills or college educations.

Package loan - A package loan is a real estate loan used to finance the purchase of both real property and personal property, such as in the purchase of a new home that includes carpeting, window coverings and major appliances.

Federal Home Loan Banks - The Federal Home Loan Banks are an essential source of stable, low-cost funds to American financial institutions for home mortgage, small business, rural and agricultural loans. With their members, the FHLBanks represent the largest source of home mortgage and community credit.

Home Owners Loan Corporation - The Home Owners Loan Corporation was a New Deal agency established in 1933 to refinance homes to prevent foreclosure. It was usually used to extend loans from shorter, expensive payments of the 15 years to the lower payments of the 30 year loans.

Suggested Web Sites

Yellowstone Mortgage - Mortgage loans, construction loan financing, resort financing, and log home or modular loans.

Lewallen Mortgage Inc. - Providing home loans, mortgage financing, reverse mortgages, new construction financing, land loans and re-financing.

HUD On Your Side: Buying A Home - Various topics are covered from settlement costs to buying land and new construction. Department of Housing and Urban Development.

Source: BazSites.com

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