What factors should I consider before taking out a home construction loan?

What factors should I consider before taking out a home construction loan?
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Answer :

You should consider the interest rate and the length of the loan. Making sure you can meet the payments is most important.
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Amrita is a government employee and belongs to a rich urban household whereas Rani works as a helper on a construction site and comes from a poor rural household. Both have a crisis at home and wish to take loan. -SST 10th

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Last Answer : Amrita, a government employee who belongs to a rich urban household would be successful in getting a loan from a formal source as compared to Rani who comes from a poor household and works as a ... poor often fail to get loans from these sources because of the lack of various terms of credit.

Can I get a VA Loan if I got one for a home 8 yrs ago and had to claim bankruptcy because I was having trouble getting a job . I work in construction and work was slow . ?

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Last Answer : You are going to have a hard time getting any loans. Unless you have really cleaned up your credit from the bankruptcy declaration it is going to be very difficult. It is possible. Even if you ... and will not charge any fees for your VA loan if you are approved and no obligation to check.

Dhananjay is a government employee and belongs to a rich household whereas Raju is a construction worker and comes from a poor rural household. Both are in need and wish to take loan. -SST 10th

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Last Answer : Dhananjay will be able to get loan from a formal source. Arguments: Banks are not present everywhere in rural India. Even when they are present, getting a loan from a bank is much more ... the other hand, know the borrowers personally and hence are often willing to give a loan without collateral.

What is the rate for a construction loan for Lake Havasu City, AZ zip code: 86403?

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Last Answer : The rate varied but I've seen a consistency of around 5.36%. You should check around with the appropiate agencies to make sure that this is correct since there were more than one type of percetange available.

Can a construction loan include the cost of the land?

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Last Answer : I think construction loan includes the cost of the land,it's better to consult real estate person

Mobilization advance up to 10% of the cost of work is given to a contractor (A) On commencement of work at site for payment of loan taken by him (B) For the purchase of construction materials (C) For the payment of advances to labour and other staff (D) For all activities required to start the work at site on finalization of the contract document

Description : Mobilization advance up to 10% of the cost of work is given to a contractor (A) On commencement of work at site for payment of loan taken by him (B) For the purchase of construction ... staff (D) For all activities required to start the work at site on finalization of the contract document

Last Answer : (D) For all activities required to start the work at site on finalization of the contract document

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While taking a loan, borrowers look for easy terms of credit. What do is this mean? -SST 10th

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Consider the following schemas: Branch = (Branch-name, Assets, Branch-city) Customer = (Customer-name, Bank-name, Customer-city) Borrow = (Branch-name, loan-number, customer account-number) Deposit = (Branch-name, Account-number, Customer-name, Balance) Using relational Algebra, the query that finds customers who have balance more than 10,000 is ................. (A) πcustomer-name(σbalance> 10000(Deposit)) (B) σcustomer-name(σbalance> 10000(Deposit)) (C) πcustomer-name(σbalance> 10000(Borrow)) (D) σcustomer-name(σbalance> 10000(Borrow))

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What advantages are there in taking courses in Construction Management Training?

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