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re: Construction loan finance question???
Posted on 1/9/17 at 9:51 pm to BengalBlood81
Posted on 1/9/17 at 9:51 pm to BengalBlood81
Depending on the house you're building you may want to buy the land first. The house we are looking to build is over the threshold for normal construction loans meaning they are only lending us a certain amount for the construction and it doesn't cover all our expenses.
Had we included the lot in the construction loan we would have something like 7+% interest through the construction part instead of the 4.5 we are getting
Had we included the lot in the construction loan we would have something like 7+% interest through the construction part instead of the 4.5 we are getting
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