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Construction Lending Group


A Mortgage is a document that contains the details of an agreement between two parties. One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan, which is normally, the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee, which is usually a percentage of the loan or property amount.
 
Construction Lending Group has their loan for Commercial and Residential New Construction, Remodeling, and Refinancing. They assist us through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are; Getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan, and assists in closing the loan.
 
Construction Lending Group are Specialist in 100 percent Investors, 100 percent Second Homes, 90 percent Foreign Nationals, 95 percent No Documentation. They offer the programs like as the Sort term loan leading to Construction Perm Loan with a Closing Cost rebate. Short and long term loan available, in most cases no prepays. A purchase rehab loan is a great option for buyers who are looking to improve their property immediately upon purchase. This mortgage loan provides the funds to purchase your home and the funds to complete your improvement project all in one loan, in one application, one set of fees, one closing, and one convenient monthly payment.
 
Contractors, builders and developers who are building a home without a guaranteed sale upon completion are said to be building on Spec, which is short for Speculation. These individuals and companies are speculating that they will earn a profit when they sell the newly constructed home. Their programs are specifically designed for these types of projects.
 
They are committed to putting you in the loan that fits your individual needs. Through the process they take you through your application, pull your credit bureau report at the same time, getting you pre-approved for your loan.

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