Monthly Archives: March 2017

One-Time Close vs. Two-Time Close Construction Loans

When financing a new construction project such as a custom home, you need a construction loan. There are two types of construction loans: one-time close and two-time close loans. Here, we’ll go over the advantages of each. One-Time Close Construction Loan A one-time close loan, also known as a construction-to-permanent loan, is a popular option [...]

March 22nd, 2017|Mortgage|0 Comments

Custom Home Construction Loans

Building a custom home can be a thrilling but daunting project, especially when it comes to securing financing. Many lenders are reluctant to lend money for a home that doesn’t actually exist yet and thus cannot be used as collateral. Because of this and the unknowns that come with new home construction, most banks avoid the custom [...]

March 7th, 2017|Mortgage|0 Comments