Construction mortgages are much more difficult than your typical home purchase or refinance because of the inherit risks associated with lending on a home during the construction.
While building your own home can be a creative and exciting experience, it can also present some complicated financial challenges. That is why it is important to know how these work to find construction experience hassle free. And you are at the right place to figure it all out!
With an in-depth knowledge of construction mortgages, we can give you the support you need from start to finish to guide you through the process and explaining all the important facts you need to know.
We can help you finance purchase that perfect building property, as well as assist with the construction of your new dream home when a home is being built in stages and requires multiple advances of money over a period of time. Whether you already own your lot or are still on the look-out for that ideal location, we can help.
The whole process of getting a construction loan should last no more than 3 to 4 weeks depends how fast appraisal report can be accomplished. This time includes following steps: