Can I refinance right after construction?

Can I refinance right after construction? Yes! Since the construction loans are ARM products, many clients will refinance shortly after construction is complete to a traditional 30 year fixed rate.

Although the construction loan is for a 30 year term, the rate is not fixed for 30 years. Rate options are fixed for three, five, seven, and ten years.

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CHICAGO CONSTRUCTION LOANS

NMLS#523638

847-214-2404

16 North Spring St

Elgin, IL 60120

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