How do appraisers determine value?
There is only one appraisal done for a construction loan and that is based on the proposed and completed project. The appraiser will use...
What if I can't make the closing?
It’s ideal for all parties to be at closing that need to sign. However, at times it’s just not possible. In cases where you will not be...
What income documentation will be needed?
Mortgage lenders and banks today are required to fully document a file and prove they have determined the borrower has the “ability to...
Construction Loan Process Overview
The loan process for a construction loan is not much different than a “regular loan”. There are a few additional items that are needed...
