Most homeowners who are looking to buy a new home are doing so because there is something - or several things - that no longer work about their current house. Maybe it’s a lack of space, or the home is old and needing more significant repairs.
If you’re thinking about building a new home instead of buying an existing one, you’re probably wondering if the process is the same in terms of the down payment and mortgage you’ll need.
Building a brand-new home is an exciting experience for you and your family. You can choose or design a floor plan that works for your unique needs, select your finishes to personalize your home to your style, and benefit from not having to fix old appliances or do repairs for a long time.
If you’re like millions of other Americans, you have some outstanding debt. Credit cards, lines of credit, auto loans, and other forms of debt are common in most households and can either work for or against you when it comes time to build a new home.
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