Construction loans are short-term loans that you can use to build a new home. Some construction loans can be converted to mortgages after your home is finished. Construction loans typically have ...

Beautiful finished white home with gray roof and green yard - Photos By The Owl/Shutterstock It's finally happening! After months — maybe even years — of dreaming, planning, and saving for a down ...

For many homebuyers, it’s the realization of a dream: a house in the country, with acreage and distant neighbors. But the imbalance of home value to land value can make finding a mortgage challenging.

A construction-to-permanent loan finances the construction of a house, then converts to a mortgage on completion. Construction-to-permanent loans only require one round of closing costs compared to ...

You can use a VA loan to build and finance a property you’ll use as your primary residence. However, you cannot use this type of loan to fund the construction of a vacation home or investment property ...

Throughout 2023, there were a lot of tough headlines about commercial real estate: Vacant offices. Falling apartment rents. Fire-sale prices. So why did banks’ loans to that market grow this year?

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...

Understand how construction loans work, from staged funding and risk controls to qualification requirements and permanent financing transitions.

A construction loan provides short-term financing for building a new home or renovating an existing home you’re purchasing. Loan terms are usually 12 to 18 months, during which time you make ...