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Building Your Dream Home?

How to Finance Building Your New Home

Posted On: April 6, 2021 by Prevail Bank in: Banking, Home Loans

 

You’ve decided to build a new home, that’s exciting! Your next step is to determine which type of construction loan will fit your needs best and help you finance building your new home: a construction-to-permanent loan or multiple loans.

 

Construction-to-Permanent Loan Vs. Multiple Loans for building

A construction-to-permanent loan is a one-time loan that offers cost-saving benefits and finances both the construction and permanent...

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Tags: dream home, finance building your new home, home loan, Mortgage Lender

Home Loans... More than just a rate.

Home Loans... More than just a rate.

Posted On: January 4, 2021 by Prevail Bank in: Home Loans

What is a mortgage loan rate?

Rate or interest is simply a percentage of the loan a lender charges to borrow money. This figure is beneficial to know so you can compare the cost of different lenders. To make the comparison easier, lenders must also inform you about how that interest rate will affect your payments over an entire year. This interest is known as the Annual Percentage Rate or APR, and it also includes any fees or additional costs associated with the loan.

Lower isn’t...
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Tags: buying a new house, home loan, Mortgage Lender, mortgage rates

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