Just how can brand new construction loans work?

Just how can brand new construction loans work?

Have actually you looked for the right house but can’t appear to think it is? Have you been contemplating building the next house? If that’s the case, you’ll have actually to obtain a brand new construction loan versus a main-stream mortgage. Although the processes are comparable, funding a build that is new with particular needs.

Mary Henning is a Plains Commerce Bank home loan banker—has been devoted to home funding for more than 22 years. Continue reading “Just how can brand new construction loans work?”