If you don’t have the budget on hand to build your dream home, you’ll need a construction loan. These loans are short-term loans that cover the cost of building and the funds are paid out in a series of instalments, known as "draws," while the home is being built.

You can also convert the loan into a conventional mortgage, which is directed from construction to a permanent loan. Learn more about how construction loans work in this article. https://theomnibuzz.com/what-a....re-construction-loan

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