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In recognition of World Elder Abuse Awareness Day, we want to provide our seniors and their family members and caregivers with tips to guard against financial exploitation. Roughly 20 percent of older Americans fall prey to financial exploitation losing on average $120,000, or $3 billion every year, according to a study from the AARP Public Policy Institute.
After a while, the inability to find and purchase an existing home can inspire some homebuyers to call off the search and start building their own from scratch. These situations make the case for construction lending. If this story sounds familiar and you’re considering buying your home, rather than purchasing one that is already built, read on to learn about construction lending and whether it’s the right route to homeownership for you.
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