The Lending Group Company New Development And Construction Loans
Financing your very own custom house from the ground up is a little bit different. It’s a two-way step process where you first obtain a temporary loan to get that project started, then when construction is complete, you re-finance your preliminary loan to get your current home mortgage at the most positive terms possible. Advantages include:
- We’ll secure the interest rate amount for your second re-finance loan up to 9 months. This protects you against rate increases, and the secure fee will be returned when the borrowed funds ends.
- Your first loan will come with a fixed rate amount and you will only pay interest on money used for construction, not the whole amount borrowed.
- When you re-finance your preliminary loan to your regular house mortgages, you’ll receive closing price attributes that may result in low or no cost re-financing.
At The Lending Group Company We Always Keep The Loan Process Simple
From deciding where to put light changes to picking out colors and equipment, you’ll have plenty to think about. So we’ll take of any concerns about funding off your mind. We guarantee fast, efficient closings. We do hassle free documentation, collection and distribution. And we promise to support and keep you informed throughout the entire loan process. All the way till approval.
You Can Really Build A Home Like No Other.
Contact your local loan officer to learn more and get your project started.