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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Home Loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Home Loan, you will deal directly with a financial institution, and not with RateCity.

Construction Home Loan

Most lenders these days offer the option of a construction home loan. A construction loan allows borrowers to pay the home loan in stages while your property is being built. The stages of payment are also called draw downs and generally include the purchase of the land and several key construction stages. It is a great way for borrowers to save money on interest while their property is being built because the interest you pay on a construction home loan is the draw down amount. So you dona??t pay for the cost of the home upfront until it is built.

The table below lists todaya??s best variable home loan rates

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About Mortgages Articles

RateCity provides mortgage news and features, including a range of weekly stories and economic updates. By checking our mortgage news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for the best mortgage for you, help yourself understand the market by reading mortgage news and features at RateCity.

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