Mortgage News

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 [...]

March 22nd, 2017|

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 [...]

March 7th, 2017|

Benefits of Securing a Locked Rate Construction Loan

Construction loans come in a variety of shapes and sizes, from standalone loans that come due once the project is finished to construction-to-permanent loans that roll over into a mortgage. In either case (though perhaps [...]

February 14th, 2017|

How do construction loans work?

Construction loans can be highly complex and certain requirements must be met, to successfully apply for one. These loans take certain measures to ensure everything works out in everyone’s best interest. Here, we will describe [...]

February 8th, 2017|

What is a one-time close construction loan?

What is a one-time close construction loan? Also known as a construction–to-permanent loan or an “all-in-one” loan, a one-time close construction loan is taken out by a future homeowner to finance the construction of a [...]

January 25th, 2017|

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