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Home > Financial Services > Mortgage Brokers > Construction Loan Company
Construction Loan Company
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.
The Construction Loan Company offers a variety of competitive loan products as per individual needs. They offer Construction Permanent, Remodeling/Addition, Vacant Land Loans, Refinance, Home Purchase Mortgages etc. With they also offer Broker Wholesale Division. They offer a rebate or credit of $300 to be used towards your new construction loan/mortgage with them. A construction-to-permanent loan is a mortgage. Depending upon which program you choose and qualify for, your initial construction phase may offer a term option of 6, 9, or 12 months so you can request draws to pay for your materials, supplies, the builder, and sub-contractors during construction. During this construction period, you are required to make interest only payments based on the outstanding amount drawn from your construction-to-permanent loan. Once your home is completed, your principal and interest payments begin on the full amount of the mortgage. Their All rates, costs, and program availability, are subject to change without notice due to market conditions.
The Construction Loan Company’s construction loan benefits like as Construction-to-permanent mortgage, Owner-contractor option, Broker fees collected at construction loan closing etc. Refinance programs are available are for a primary residence, second home or investment property. The Construction Loan Company’s mission is to provide affordable construction financing to the national housing and home building industry through their network of credit unions, builders, lumber companies and capital market firms.
The Company is committed to providing the best service to clients seeking it from this industry as also to the pursuit of excellence, integrity being the forefront of their list of objectives. The Company has gained a fair deal of faith from their customers and continues to serve the community with a level of quality few in the industry can match.
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