Whether it’s the home you’ve always dreamed of, or you’re settling for something more affordable, most of us need financial assistance in building our homes. Banks offer home loans, but with increasing inflation, interest rates are expected to go up. Most real estate developers also offer in-house financing, some even have zero-interest rates for the first year or two. And then there are mortgage lenders which offer a varied array of services, from fixed rate loans, to FHA loans and refinancing.
When getting home loans through any of these options, the most important thing is to always read the fine print.