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The significant difference between the two loans is that the first is designed for the building of a brand-new home while the second is for rehabilitating an existing one. Construction to permanent. The construction to permanent mortgage combines aspects of both a construction loan and a long-term traditional mortgage into a single loan.
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Builders target first-time home buyers – With high demand for entry-level homes in Colorado, some builders are now shifting their focus to houses first-time homebuyers could actually afford. "My wife suggested that we build a brand-new house.
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