Category: Construction Loans

Construction Loans – How They Work

Construction Loans – How They Work

Construction loans may be availed for residential as well as commercial purposes. Commercial construction loans are of the following types: acquisition and development loan, mini-perm loan, bridge loan, take-out loan, construction interim loan, joint venture loan and real estate purchase loan. Residential ...

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Construction Loan Vs. Home Equity Loan

Construction Loan Vs. Home Equity Loan

As mentioned above, the construction loan and the home equity loans, are both similar and also dissimilar with respect to several of their features and also their mechanism. The significant difference in the construction loan and a home equity loan is that construction loan is granted for the actual construction ...

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How to Get a Construction Loan

How to Get a Construction Loan

A construction loan can be simply defined as a credit to build a house or develop a property. It is quite a complex transaction, owing to the fact that the initial lending from the lender to the borrower is different than from usual loans, and there are several intricacies involved in the process of lending and ...

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Construction Loan Process

Construction Loan Process

Availing a residential construction loan is very different from obtaining a mortgage loan. Residential construction loans are often referred to as 'story loans', since the lender needs to be aware of the construction plans, and the details regarding construction in progress, before sanctioning money to the ...

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Types of Construction Loans

Types of Construction Loans

Construction loans are available for financing the construction of both residential and commercial properties. Depending on the purpose for which a builder requires funding, construction loans can be broadly classified into two categories: commercial and residential construction loans. Commercial Construction ...

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