The new trends in construction loans
Beyond giving loans, lenders are putting everything under one roof, so to speak. They are lining up licensed professionals, obtaining county approvals and permits and managing the construction project for you.
Back in the day, when you sought a home loan, financial institutions would lend you the money, and you would figure out the rest of the journey alone. As a result, some would end up not using the loan in an appropriate way, ending up with gaps or poorly done construction.
Today, lenders are putting everything under one roof, so to speak. They are lining up licensed professionals, obtaining county approvals and permits and managing the construction project for you.
Watch the video to learn more about the new trends in construction loans.