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if youre interested in buying a home new construction may be something that youre considering today im sharing some important tips on buying a newly built new construction home and what you need to know about the financing first its important to understand there are really two types of new construction the first one is a custom home and thats where the buyer obtains a construction loan to pay for the cost along the way then the loan converts into a permanent loan after the construction is complete number two is a mass produced builder type of scenario and this is most common this is where builders are actually covering the cost during the course of construction and then the buyer obtains the home loan once the home is complete and ready to move into heres what you should know first use a real estate agent now this is kind of foreign because youre out youre driving around you see a new home community you just want to pop in and see the houses but heres the deal if you pop in wi