Why Do I Need A Construction Loan?
You want to buy a new construction home, Trident Mortgage Company in Blue Bell would like to help you pay for your new home with a Construction Loan. Construction loans are story loans. That means that the lender has to know the story behind the planned construction before they’re willing to loan you money. Because it’s a story loan, it’s not going to be standardized like mortgage loans underwritten to Freddie Mac or Fannie Mae guidelines. There are some common features to a construction loan
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Tags: Home, Loan, Money, Mortgage, Mortgage loan