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  2. What is a construction-to-permanent loan? - AOL

    www.aol.com/finance/construction-permanent-loan...

    A construction-to-permanent loan — also known as a one-time, single-close or construction-perm loan — is a type of mortgage for those building a home. It funds the purchase of land and the ...

  3. FHA construction loan: What it is and how to get one - AOL

    www.aol.com/finance/fha-construction-loan-one...

    There are two types of FHA construction loans: an FHA construction-to-permanent loan and a FHA 203(k) loan. FHA construction loans can be rolled into an FHA permanent mortgage.

  4. What are construction loans, and how do they work? - AOL

    www.aol.com/finance/construction-loans-154657152...

    Construction-only loan. A construction-only loan provides the funds necessary to build the home, but the borrower is responsible for repaying the loan in full at maturity (typically one year or less).

  5. Interest-only loan - Wikipedia

    en.wikipedia.org/wiki/Interest-only_loan

    An interest-only loan is a loan in which the borrower pays only the interest for some or all of the term, with the principal balance unchanged during the interest-only period. At the end of the interest-only term the borrower must renegotiate another interest-only mortgage, [ 1 ] pay the principal, or, if previously agreed, convert the loan to ...

  6. How Does a Construction to Permanent Loan Work? - AOL

    www.aol.com/finance/does-construction-permanent...

    If you'd rather build a home than buy one, and plan on borrowing to do so, your lender might steer you toward a construction loan. This would allow you to finance the building of the home; and ...

  7. Pre-approval - Wikipedia

    en.wikipedia.org/wiki/Pre-approval

    In lending, a pre-approval is the pre-qualification for a loan or mortgage of a certain value range. [1]For a general loan a lender, via public or proprietary information, feels that a potential borrower is completely credit-worthy enough for a certain credit product, and approaches the potential customer with a guarantee that should they want that product, they would be guaranteed to get it.

  8. Requirements for a Construction Loan - AOL

    www.aol.com/news/requirements-construction-loan...

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  9. Mortgage calculator - Wikipedia

    en.wikipedia.org/wiki/Mortgage_calculator

    Mortgage calculators are frequently on for-profit websites, though the Consumer Financial Protection Bureau has launched its own public mortgage calculator. [ 3 ] : 1267, 1281–83 The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments ...

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