Construction Loan Explained | How to Finance Your Custom Home Build
Автор: Better Mortgage Rates
Загружено: 2025-12-15
Просмотров: 4
Описание:
Planning to build a custom home and wondering how financing works? In this video, I explain construction loans and how they help you finance the process of building a home from the ground up.
A construction loan is a short-term loan designed to cover building costs in stages, also known as draws, as construction progresses. Instead of receiving all funds upfront, payments are released at key milestones — helping manage costs efficiently during the build.
In this video, you’ll learn:
✔ What a construction loan is
✔ How the draw process works
✔ Interest-only payments during construction
✔ How construction loans convert to permanent mortgages
✔ Who construction loans are best for
If you’re working with a custom home builder or planning a new construction project, this video will help you understand your financing options and prepare with confidence.
👍 Like, subscribe, and comment for more home-building and mortgage tips!
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