0
a construction loan is a loan of money that is given to the needer to build building structures.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Are construction to perm loans securitized?
Yes, they can be securitized but generally not until the construction is completed and the loan has been converted from a construction loan to a permanent loan.
How does a bridge loan work?
how does a construction loan work to bridge it to a VA. loan?
What information must you provide when applying for a home construction loan?
Information you must provide when applying for a home construction loan is monetary information about debts, assets, and personal income. After submitting information, you may or may not qualify for a home construction loan.
How do you go about obtaining a construction loan?
easy
Can a construction loan include the cost of the land?
I think construction loan includes the cost of the land,it's better to consult real estate person
Are construction to perm loans securitized?
Yes, they can be securitized but generally not until the construction is completed and the loan has been converted from a construction loan to a permanent loan.
How does a bridge loan work?
how does a construction loan work to bridge it to a VA. loan?
What is the purpose of a construction loan broker?
A construction loan broker is an organization that assists a construction company to temporarily cover the cost of obtaining the plot of land for a future house. An example of a construction loan company is BB&T Mortgage Company.
Where can I apply for a construction mortgage loan in Detroit, MI?
Construction Loan Company, Inc. 1700 W Highland, Ste 100 Howell MI 48843 is the best place for the construction mortgage loan in Detroit
What information must you provide when applying for a home construction loan?
Information you must provide when applying for a home construction loan is monetary information about debts, assets, and personal income. After submitting information, you may or may not qualify for a home construction loan.
How do you go about obtaining a construction loan?
easy
Can a construction loan include the cost of the land?
I think construction loan includes the cost of the land,it's better to consult real estate person
How do construction loans work?
Construction loans are for when a house (or other structure) is being built. The contractor can take money out on a loan to get materials needed for construction and also do not have to pay the loan back right away.
Will a foreclosure on a construction loan have the same effect as foreclosure on an existing home?
Short Answer: Yes. You signed paperwork on the construction loan that would be very similar to the final loan. They will foreclose and sell the house at a sheriff's sale.
What information can a construction loan calculator provide?
A construction loan calculator could provide a rough or maybe even exact estimate on the cost for a construction project given that one has all required components for calculation.
What are common construction loan rates?
There are loan rates that have to be used when dealing with construction and they can range anywhere from1.5 percent all the way up to close to 10 percent.
Where can someone obtain a loan or financing for construction equipment?
Someone can obtain a loan or financing for construction equipment from ICICI Bank which has a frequently asked questions section showing the criteria needed for the loan. HDFC Bank is also another option which also has benefits including up to 10 percent back for purchasing construction equipment.
