Construction Financing - One close or two? One loan or two?

Congratulations you are about to build your very own custom home. Are you doing a one -time close construction loan with what seems to be a high rate, is their mortgage insurance with it or does it come with a combo loan usually a 80/20 or 75/25 loan which only fattens the pockets of those lenders?

Did your current banker or mortgage professional explain the benefits of doing two closes which normally results in one single loan with a loan to value of 80% or less , which always results with the most competitive interest rates and never any mortgage insurance.

If they did not you need to stop, grab your plans, your contractor bids and come and see me.

I will gladly show you the benefits of a two close construction loan which will save you and your family hundreds and even thousands of dollars a year in your mortgage payments.

I look forward to earning your business while I show you why it is so important for you to do a two close construction loan.