Banks typically finance new-home construction with a construction-to-permanent loan that buyers treat like a line of credit, making draws on the loan as the builder finishes various parts of the house. Once construction ... More »

www.reference.com Business & Finance Credit & Lending

Home calculators take the algorithm for calculating the principal or interest for a home loan and provide users with the result. Calculators can help potential homeowners determine how large a loan they can afford, state... More »

www.reference.com Business & Finance Credit & Lending

Inputting the term of the loan, the applicable interest rate and the loan amount provides a simple look at a home loan payment, as stated by Bankrate. However, more sophisticated calculators allow the user to include suc... More »

www.reference.com Business & Finance Real Estate Finding a Home

A Federal Housing Administration (FHA) loan is a form of financing for home buyers. There are guidelines and requirements in order to qualify for this type of financing. More »

A good faith estimate in the home lending industry provides all financing costs and payment terms of a mortgage loan, as explained by the Consumer Finance Protection Bureau. The estimations include all costs associated w... More »

www.reference.com Business & Finance Credit & Lending

An FHA 203k loan is a loan that enables homeowners and buyers to take out money for the home along with the amount needed for any repairs or renovations, as stated by the Department of Housing and Urban Development. This... More »

www.reference.com Business & Finance Credit & Lending

A Federal Housing Administration 203k loan is for buyers who desire to purchase a fixer-upper home with the intention of making repairs to it, according to Zillow. Loans are backed by the federal government and provide b... More »

www.reference.com Business & Finance Credit & Lending