Mortgage & Real Estate Articles

Construction Loans

Construction loans differ from regular mortgage loans. Construction loans are short-term loans issued to borrowers who want to build a new home.

First you start planning and setting up some specifications, and then an architect will design the house to you and your family’s liking. Then you need to contact builders to get a quote on how much they will charge for building the house and the time it takes to get it done.

Once you have an idea of how much you can do with your finances, then you decide if you can add more rooms, space, or even a swimming pool depending on your lot size. Construction loans will give you all the financing needs for your hew home.

Gonzalo Garcia

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