You can, but it is not recommended. Remember, the construction loan is a regular mortgage. When you pay down a regular mortgage, you...

Yes. At times it may be necessary to pay for a construction item prior to the funds being drawn from the loan. This may be necessary due...

A Mechanic’s lien is a lien that may be filed against the title to your property by a contractor, subcontractor or material supplier who...

One of the most important aspects of a construction project is developing and maintaining a solid budget. The loan is approved and the...

The purpose of an inspection is to ensure the items that the builder is requesting to be paid out have been complete and that the...

The only change in the loan after your home is complete is the payment. During construction it is interest only based on balance owed and...

Line shifting is when you pull money from a budgeted item that hasn’t been paid out yet to cover an overage of a current item. For...

Yes. Be sure to communicate as soon a possible the name and contact information of your builder. It is best to connect the builder and...

In a word, time. Timing is the most stressful part of buying a home and closing on a construction loan at the same time? Because a...

Do: -Stay in your home -Pay your bills, especially your mortgage, on time -Use your Credit Cards as normal, keep balances low -Stay...