Let’s start out by comparing a construction loan to what most people call a home mortgage. Almost everyone that is a home owner, at one time or another, has had a home mortgage. A home mortgage is a loan that is secured by an asset, …
Your Credit Score and Construction Loans
In today’s world, your credit score has a substantial impact on your ability to finance almost any large purchase. This is especially true when it comes to building a custom, on-your-lot home. A new custom home is fulfilling a dream that not everyone can achieve. …