Construction Loan Process Explained (Step-by-Step Funding) | Part 03

Описание: A construction loan helps fund your home or project in phases based on building progress. This phased disbursement is known as a Draw Schedule.
Before each fund release, lenders conduct inspections to verify progress.
You only pay interest on the amount disbursed—not the full loan upfront.
If you're building a home or investing in construction projects, comparing loan programs can help you save time and reduce interest costs.
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DISCLAIMER :This video is for educational and informational purposes only.
It does not constitute financial or legal advice.
Loan programs, eligibility criteria, and terms may vary based on lenders, location, and individual financial circumstances.
Please consult directly with Change My Rates or a qualified loan professional before making any financial decisions.
All opinions expressed in this video are my own and do not represent any financial institution.

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