Tag: resale vs. new construction
What are the differences with regard to home loans when it is used to purchase a newly constructed home or a resale home?
Home loans made on newly constructed homes differ from home loans made on resale homes in a variety of ways. These include: → Closing costs- Closing costs for a newly constructed home are often slightly higher than for a comparably priced resale home. This is because often times newly constructed homes will have additional title [...]
Posted: October 27th, 2008 under New Construction.
Tags: differences with resale loans, New Construction, preferred lender, resale vs. new construction
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