Construction Loans
Build Your Dream with Our Flexible Construction Loans
We offer tailored construction loan solutions to help you finance every stage of your building project. From laying the foundation to the final touches, our competitive rates and expert guidance ensure a smooth process from start to finish.
Flexible Construction Loans for Your Dream Project
you’re building a new home, renovating, or expanding, we provide competitive rates, flexible terms, and step-by-step guidance to ensure your project is completed smoothly and within budget. Our team works closely with you from planning to the final move-in, making the entire process stress-free and transparent.
throughout your building project. With tailored repayment options, staged funding, and expert mortgage advice, we help you manage costs effectively while maintaining quality. From breaking ground to receiving the keys, we’re here to support every phase of your journey.”
- Secure financing that keeps your project on track
- Get funds released as your construction progresses
- Loan terms designed to fit your unique building needs
- Affordable options to make building more budget-friendly
duane@coast2coastml.com
804-212-8663
Frequently Asked Questions
The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter. Pre-approval includes all the steps of a full approval, except for the appraisal and title search. Pre-approval can put you in a better negotiating position, much like a cash buyer.
Usually, people refinance to save money either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance. However, if you are looking to save money, try this calculation: Calculate the total cost of the refinance Calculate the monthly savingsDivide the total cost of the refinance (#1) by the monthly savings (#2). This is the "break even" time. If you own the house longer than this, you will save money by refinancing. Since refinancing is a complex topic, consult a mortgage professional.
A rate lock is a contractual agreement between the lender and buyer. There are four components to a rate lock: loan program, interest rate, points, and the length of the lock.
A mortgage broker counsels you on the loans available from different wholesalers, takes your application, and usually processes the loan which involves putting together the complete file of information about your transaction including the credit report, appraisal, verification of your employment and assets, and so on. When the file is complete, but sometimes sooner, the lender "underwrites" the loan, which means deciding whether or not you are an acceptable risk.
Get In Touch With Us
Address
4860 Cox Rd Glen Allen, VA 23060
Phone
804-212-8663
duane@coast2coastml.com