Whenever deciding between buying or developing a new house, one concern we hear usually is, how can we fund it? Usually individuals assume that they require a home loan for his or her new-build house, and are usually amazed once we let them know about brand new house construction loans alternatively. We asked professionals at Chicago Construction Loans (Associated Bank) to offer a primer on all you need to learn about new house construction loans.
HOW EXACTLY DOES AN INNOVATIVE NEW RESIDENCE CONSTRUCTION LOAN WORK?
Frequently consumers are not quite as familiar with construction loan and stress that the procedure is going to be overwhelming. Happily, securing a construction loan is simply as effortless as getting a old-fashioned loan. Continue reading “Funding Your Forever Residence: A Primer on New House Construction Loans”