You are told by us about How Do Construction Loans Work? This post enters the nitty-gritty information on just how construction loans work, from planning your application for the loan all of the method through task conclusion. We shall protect 4 actions: Qualifying for the Construction Loan Getting ready to use Draw Schedule & Approvals Transforming up to a mortgage that is permanent Action 1: Qualifying for a Construction Loan We’ll review certification in 2 components: The Basics & Loan-To-Value. The Basic Principles ABODE TYPE: for those of you wondering just just just how construction loans work, they’re for owners that are thinking about surviving in the home (either primary residences or holiday houses). Construction loans aren’t fix & flip […]