Can I include the cost of furniture and fittings in the construction loan?
# Can I Include the Cost of Furniture and Fittings in a Construction Loan? When building a new home or undertaking a major renovation, financing is a key consideration. Construction loans provide essential funding for materials, labor, and other expenses related to...
How often do construction loan rates change?
### How Often Do Construction Loan Rates Change? Securing a construction loan is a crucial step for anyone looking to build a new home or commercial property. Unlike traditional mortgages, construction loans have unique terms and interest rate structures that can...
Can I secure a loan for a custom home build if I’m self-employed?
### Can I Secure a Loan for a Custom Home Build if I'm Self-Employed? Building a custom home is an exciting opportunity to create a living space tailored to your needs and preferences. However, if you're self-employed, securing a construction loan can be more complex...
What’s the difference between a construction loan and a mortgage?
When financing a home, buyers and builders often encounter two primary loan options: construction loans and traditional mortgages. While both provide funding for property purchases, they serve different purposes and have distinct terms and requirements. Understanding...
How is the interest calculated on a construction loan?
# How Is the Interest Calculated on a Construction Loan? Financing a construction project is different from obtaining a traditional mortgage. Unlike a standard home loan, where the full amount is disbursed upfront, a construction loan provides funds in stages as the...
Can I switch lenders midway through the construction?
# Can I Switch Lenders Midway Through the Construction? Securing a construction loan is a crucial step in building your dream home or commercial property. However, unforeseen circumstances such as better loan offers, service dissatisfaction, or financial challenges...