1. Finding And Securing A Construction Loan-Part 3

    Welcome back! Over the last few days, we’ve been going over how construction loans work, and  how to qualify for one. We went over how to apply and what to bring with you, but now let’s talk about the right lender for you. Like any other kind of business, banks do specialize. In your case, you’ll want to work with a lender that has experience in the construction industry. They’ll be the o…Read More

  2. Finding And Securing A Construction Loan-Part 2

    Welcome back! Yesterday, we defined what a construction loan is and the initial stage of application. Initially, the process can seem confusing, but these posts aim to simplify the process. One thing to strongly consider is prequalifying for permanent financing. Remember that a construction loan is generally much larger than a traditional loan. As a result, the lender will be assessing your risk p…Read More

  3. Finding And Securing A Construction Loan-Part 1

    Getting approved for a construction loan is important. However, the process of securing the financing doesn’t have to be difficult. With the right people and the right documentation, it can be a relatively smooth process. Today, we’re going to talk a little bit about how to get a construction loan, and how to find one that’s right for you. First, let’s define what we’re talking about. Co…Read More

  4. 5 Signs Of A Great Borrower

    Frequently, when a bank or approves a loan to a customer, they have no idea what kind of person they’re doing business with. While they’ll do their due diligence with credit checks, that’s not the only way to determine the caliber of the customer. Want to determine the reliability of a person? Don’t worry about what they say. Rather, watch how they live their lives and conduct their busine…Read More

  5. 5 Key Differences Between Construction Loans and Mortgages

    You’ve decided to build your own dream home rather than buy an existing structure. You need to acquire land, find a builder, develop a plan, and secure funding for construction. Do you need a mortgage? A traditional loan? Home construction loans exist to help you build the home of your dreams. They’re distinctly different from mortgages, but those differences can be confusing. Key Differences …Read More