Posts Tagged ‘construction loan’
Builder’s Risk Insurance: What it is and why you need it
Builder’s Risk Insurance, also called Course of Construction Insurance, is one of the most important protections on your construction loan. It protects the property while the home is being built, before the home is complete and before a standard homeowner’s policy is typically available. Incorrect insurance, missing endorsements, short policy terms, insufficient coverage, or unclear…
Read MoreOne Time Close Construction
Looking to build your dream home? A one-time close, or construction-to-permanent, option may combine the construction cost, price of the lot and final mortgage into a single loan, all with only a single closing, eliminating the need to re-run credit or verify income and employment for a second time. Basic Qualifications 5% Down for conforming Primary…
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