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Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. The rates on this type of loan are higher than rates on.
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Home Construction Loans – Lending Universe – On the other hand You can find private investor for your Construction Loan who will have much easier terms for your loan request. BAD CREDIT HOME CONSTRUCTION LOANS are specifically designed loans for people whose credit history has been damaged. These loans allow people with poor financial backgrounds the opportunity to build a dream house.
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