The average 30-year fixed mortgage rate hit a whopping 7.23% in August, an eye-watering number for anyone looking to buy a house ... begin to apply for a construction loan to finance the build.

You'll typically need at least a 3% down payment to buy a house, though it varies by loan type. If you can save up a down payment of at least 20% of the home's purchase price, you'll avoid paying ...

Knowledge about mortgage types could help you take advantage of unique loan benefits that can help you more easily buy a house ... you may want to use a construction loan. These are mortgages ...