Construction Loan To Permanent Financing
Contents Completed project. essentially Pay closing costs Short-term construction loan Construction key differences Permanent financing terms A two-time-close loan is actually two separate loans – a short-term loan for the construction phase, and then a separate permanent mortgage loan on the completed project. essentially, you are refinancing when the building is complete and need to get approved and pay closing costs all over again. We will explain the options and structure a construction loan program that is right. Your construction loan can be converted to permanent financing when your. How…
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