Unlike getting a home mortgage for the purchase of a pre-existing property, financing the building of a new custom home can involve a couple of different components. One, for instance, is that a construction loan will typically be issued for a time period of twelve months or less. During this time, the borrower may only [...]
If you've been thinking about designing and constructing the home of your dreams, then you are likely aware that there can be a long list of potential expenses. But did you also know that you may be able to deduct some of the related expenses on your tax return? One area where you could see [...]
If you're planning to build a new custom home, then it is likely that you may need to consider obtaining a construction loan. Unlike the purchase of a pre-existing structure, those who start from scratch will need to finance the home building process with two types of loans. The first of these is a construction [...]