Does It Matter Which Lender I Use For A Construction Loan? Yes, it absolutely matters! You should choose your lender carefully. Most construction loans are issued by banks, not mortgage companies, as the loans are typically held by the bank until the building is complete. Because construction loans are more complicated and varied than mortgages, you will want to work with a lender that has experience with...
What Is A Contigency? A contingency is funds set aside to cover unexpected costs that may occur during your home building project. This money is not earmarked for any specific scope of work but is reserved for unforeseen costs that may arise. Contingency For Cash Buyers If you are paying cash for your project, balance is required in determining the amount of contingency you should set aside. You will want...
We can answer any questions you have about building a new home on your land. Free consultation.
"*" indicates required fields
