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Brand Manager Career

#construction #manager #schools


#

Brand Manager – The Career

In a large company, professionals must plan and coordinate their products to drive sales and ensure survival in the business world. Many times, a company might produce several different products, each requiring separate branding strategies and approaches to market effectively.

To ensure a brand’s success, companies assign a brand manager to oversee market research, development, and the various marketing strategies of a brand. Read on to discover how a brand manager leads his or her team in branding strategy and implementation.

What do they do?

Companies who produce several different brands treat those brands separately from each other. There is no “one size fits all” marketing strategy, so one individual must do the research, develop a plan of attack, and see those plans to fruition.

Location and Opportunity

Job growth for brand managers is rising in larger cities with marketing firms and corporate offices. According to Indeed.com, the following cities have high concentrations of brand manager positions:

  • New York, NY
  • San Francisco, CA
  • Chicago, IL
  • Houston, TX
  • Los Angeles, CA

Brand managers conduct initial market research for a brand, gathering data about where a product fits in with the rest of the market. This includes polling demographics, discovering demand for a product, and asking people what makes a particular product stand out.

After extensive research, brand managers develop monthly objectives with their team with the goal of increasing a brand’s value. This includes developing marketing strategies and introducing the brand to the public. Throughout a brand’s life, the brand manager reports to higher level marketing staff about sales, how marketing strategies are affecting those sales, and how a brand can reach even more consumers.

Some professionals brand managers work with include:

Qualifications

Brand managers are mid- to high-level employees, meaning they’ve worked up through the ranks and developed an excellent intuition for introducing new brands and growing them to become successful. Because they typically work with a branding team, strong leadership skills are a must for any brand manager.

Most brand managers must earn at least bachelor’s degrees in addition to several years of experience before getting the chance to develop marketing strategies for a brand.

Become a Brand Manager

Depending on the company you work for, previous experience, and the product you’re selling, brand managers have the ability to earn competitive pay. Most brand managers typically make between $60,000 and $80,000 a year.


Construction Loans, One – Two Time Closing, CountryPlace Mortgage, construction loans.#Construction #loans


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Get your documents in order and we’ll handle the rest.

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Value your mobile, modular

or manufactured home.

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Home Construction Loans, Citizens Bank, construction loan.#Construction #loan


Home Construction Loans

While some people search for their dream houses among a pool of houses already built, others prefer to customize their dream homes by building on a specific plot of land. Once you’ve purchased that land and begun designing your dream home, you’ll need to determine financing for the construction, find the right builder and understand zoning restrictions. One option may be to consider a home construction loan or similar product designed to help you with home construction finance, rather than a new home purchase where you would apply for a mortgage.

Before you can get home construction financing in place, you first need to learn building restrictions and local zoning regulations. In most areas, those local ordinances strictly control where, what and how you can build. Generally speaking, they are in place to ensure you to blend in with the look of surrounding structures. Go to your local courthouse or town office and look at a zoning map to determine the zoning classification of where you want to build. Classifications include rural, residential, agricultural, business, commercial and industrial. After you know you’re zoning classification, ask for a copy of zoning regulations.

Once you’ve established that you have the legal right to build your project under applicable zoning rules, you’ll need to give some thought to the narrower zoning provisions that govern allowable design and how they’ll affect your plans. Potential zoning restrictions or guidelines may include:

  • Height and overall size of buildings
  • Building proximity to other structures
  • Area of the lot that will contain structures
  • Distance from the road or a water source
  • Landscaping
  • Fences
  • Pools

Home construction finance options

As these plans begin taking tangible form, you’ll need to get serious about how you’ll secure financing for your project. Some lenders offer a home construction loan that acts as a line of credit to cover expenses during the building and then becomes a permanent mortgage when you receive a certificate of occupancy.

Most home construction loans are made for a limited duration, often no more than a year. Lenders may approve disbursal of the money in phases, which is designed to ensure that distinct portions of the project are completed before any additional funds are released for later phases. You may be able to go this route if you have equity built up in your land already.

As an alternative to a residential construction loan, some lenders will approve you for a permanent mortgage and provide your builder with assurance that you will be starting mortgage payments when you are handed the keys to move into the home. Builders generally have lenders they work with to finance the cost of materials and labor during the build and will be paid by your lender when the work is complete. You will then start making payments on a permanent mortgage. Since you already own the land, this may be considered a ‘down payment’ on your mortgage when you apply, which may help you obtain a larger loan.

Finding a builder

Once you know your zoning options and have lined up home construction financing, you’re ready to search for the right general contractor or builder to help you execute your plans. He may or may not bring an architect to the table as well. Ask around for referrals to builders or contractors with a strong track record of building quality homes on time and within budget.

  • Be clear ahead of time on what your builder will provide you. This is usually something a lender will require as well for greater assurance in your home construction finance.
  • When will the home be completed?
  • Will the builder help with such crucial details as serving as a liaison to utilities?
  • If not, who is responsible for seeing that your house connects to the municipal sewer systems, the electric grid and other utilities?

Choose a permanent mortgage or a home construction loan with help from Citizens Bank

Let a Citizens Bank home loan originator help you decide if a permanent mortgage solution or a residential construction loan is right for you when building your new house. Call us at 1-888-514-2300 to learn more about home construction finance for your situation. If you’re ready to start building, you can start the mortgage application process online today.



Home Construction Loans, Citizens Bank, home construction loans.#Home #construction #loans


Home Construction Loans

While some people search for their dream houses among a pool of houses already built, others prefer to customize their dream homes by building on a specific plot of land. Once you’ve purchased that land and begun designing your dream home, you’ll need to determine financing for the construction, find the right builder and understand zoning restrictions. One option may be to consider a home construction loan or similar product designed to help you with home construction finance, rather than a new home purchase where you would apply for a mortgage.

Before you can get home construction financing in place, you first need to learn building restrictions and local zoning regulations. In most areas, those local ordinances strictly control where, what and how you can build. Generally speaking, they are in place to ensure you to blend in with the look of surrounding structures. Go to your local courthouse or town office and look at a zoning map to determine the zoning classification of where you want to build. Classifications include rural, residential, agricultural, business, commercial and industrial. After you know you’re zoning classification, ask for a copy of zoning regulations.

Once you’ve established that you have the legal right to build your project under applicable zoning rules, you’ll need to give some thought to the narrower zoning provisions that govern allowable design and how they’ll affect your plans. Potential zoning restrictions or guidelines may include:

  • Height and overall size of buildings
  • Building proximity to other structures
  • Area of the lot that will contain structures
  • Distance from the road or a water source
  • Landscaping
  • Fences
  • Pools

Home construction finance options

As these plans begin taking tangible form, you’ll need to get serious about how you’ll secure financing for your project. Some lenders offer a home construction loan that acts as a line of credit to cover expenses during the building and then becomes a permanent mortgage when you receive a certificate of occupancy.

Most home construction loans are made for a limited duration, often no more than a year. Lenders may approve disbursal of the money in phases, which is designed to ensure that distinct portions of the project are completed before any additional funds are released for later phases. You may be able to go this route if you have equity built up in your land already.

As an alternative to a residential construction loan, some lenders will approve you for a permanent mortgage and provide your builder with assurance that you will be starting mortgage payments when you are handed the keys to move into the home. Builders generally have lenders they work with to finance the cost of materials and labor during the build and will be paid by your lender when the work is complete. You will then start making payments on a permanent mortgage. Since you already own the land, this may be considered a ‘down payment’ on your mortgage when you apply, which may help you obtain a larger loan.

Finding a builder

Once you know your zoning options and have lined up home construction financing, you’re ready to search for the right general contractor or builder to help you execute your plans. He may or may not bring an architect to the table as well. Ask around for referrals to builders or contractors with a strong track record of building quality homes on time and within budget.

  • Be clear ahead of time on what your builder will provide you. This is usually something a lender will require as well for greater assurance in your home construction finance.
  • When will the home be completed?
  • Will the builder help with such crucial details as serving as a liaison to utilities?
  • If not, who is responsible for seeing that your house connects to the municipal sewer systems, the electric grid and other utilities?

Choose a permanent mortgage or a home construction loan with help from Citizens Bank

Let a Citizens Bank home loan originator help you decide if a permanent mortgage solution or a residential construction loan is right for you when building your new house. Call us at 1-888-514-2300 to learn more about home construction finance for your situation. If you’re ready to start building, you can start the mortgage application process online today.



How Do Home Construction Loans Work, home construction loans.#Home #construction #loans


How do home construction loans work?

Can you explain how construction loans work? Why is it so difficult to find construction-loan information online?

Construction loans for new-built homes are either obtained by the homebuilder or prospective owner. In pre-recession days, small builders had greater access to capital but now must frequently put the onus on the buyer to get the loan. That’s one reason most new homes rising today are simply “specs” built by big, high-credit corporate conglomerates.

The basics of construction loans

Let’s proceed on the assumption that you’re taking out an individual construction loan. Such loans, which can be tough to get without a previous banking history because of the lack of collateral (a finished home), have special guidelines and include monitoring to ensure timely completion so your repayment can begin promptly.

Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. The rates on this type of loan are higher than rates on permanent mortgage loans. To gain approval, the lender will need to see a construction timetable, detailed plans and a realistic budget, sometimes called the “story” behind the loan.

Once approved, the borrower will be put on a bank-draft, or draw, schedule that follows the project’s construction stages and will typically be expected to make only interest payments during construction. As funds are requested, the lender will usually send someone to check on the job’s progress.

Construction-to-permanent arrangement

Upon completion, which is defined by a certificate-of-occupancy issuance and full payment of contractors (and often their signatures on lien releases), the borrower’s loan liability will typically roll over into a mortgage, ideally in an arrangement where the borrower pays closing costs only once. Of late, lenders have been combining the two into a single 30-year loan with one closing, called construction-to-permanent financing. Because of the bank’s greater loan-to-value risks in these, I might add, be prepared to put a little more skin in the game: The lender may offer only 80 percent of project costs or even less. If you already own the land, that can serve as equity.

Construction delays due to weather and material/labor availability are fairly common. Be sure to build some allowances for this into the construction timetable.

They’re a small part of the market

Why is there so little information or competing lender offers on construction loans online? For starters, these loans represent only a very small percentage of home loans. Plus, they’re a bigger risk. Hence, such financing isn’t the type of thing lenders aggressively market online; you have to hit the streets for it. Regional banks and credit unions are typically the best sources.

Without impeccable credit or a strong existing lender relationship, you may be challenged to find an affordable construction loan in today’s lending climate, though a booming local housing market and substantial family income tend to grease approvals.

Ask the adviser

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SBA Loan Rates 2017 – 504 and 7a Loan Rates, Green Commercial Capital, construction loan rates.#Construction #loan #rates


construction loan rates

Green Commercial Capital / MyMortgageBanker.com

SBA Loan Rates 2017 1-800-414-5285

Construction loan rates

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100% Financing for Established Businesses plus Doctors, Dentists, Veterinarians, Funeral Homes, Pharmacies

SBA 504 Refinance Program 2016

Self Storage Mini Storage Businesses Eligible for SBA Financing

SBA Loan Rates Near All Time Low

No Down Payment Commercial Property Financing

I am extremely pleased with the loan you helped me obtain. Your service, rates, terms and professionalism impressed me.

SBA 504 Loan Rate – 4.56% Effective Rate*

Construction loan rates

The 504 loan rate (effective rate) for 20 year commercial real estate loans is 4.56%* The effective rate is inclusive of all servicing fees. (Some lenders do not advertise the all inclusive rate, so you may see the rate advertised slightly lower in some areas of the country).

The 504 program consists of 2 loans:

  1. first mortgage for approx 50% of the project cost

Low 25 Year Fixed Rates for Multi-Purpose Properties

The 25 year fixed rate option for multi-purpose properties (office, warehouse, light industrial, wholesalers, manufacturing, retail, medical office, dental office, R D, etc). is offered at a very low rate. To be eligible for this particular program the property needs to be of the type that could be used by many different types of businesses.

Most 504 first mortgage rates and terms will vary depending on the type and size of the loan. Rates for this program have been trending up since the presidential election in November of 2016 and are in the 5% to 5.75% range currently. (Other options are available for single purpose properties – see below).

SBA 7a Loan Rates

The 25 year fixed rate is very competitive and never adjusts. These loans are available if the majority of the loan proceeds are used for commercial real estate. The underwriting can be a little tougher than for a variable rate, but this is a phenomenal opportunity to lock in great low rates for the long term if you qualify.

Variable rates are typically Prime + a margin not to exceed 2.75%, The margin is set by the lender based on their cost of funds and the quality of the loan. Most lenders will offer something between Prime + 1.25% and Prime + 2.75%. 7a loans can also be based on the one month LIBOR rate.

Please contact us at 1-800-414-5285 for more information about the possibility of a fixed rate

10 Year Loans for Business Acquisitions

The SBA 7a (aka SBA Advantage Loan) is also a great solution for business acquisitions as well as refinancing of business debt or partner buyouts and the rates can be fixed or variable for up to 10 years.

504 Loan Rates

First Mortgage Rates: Currently range from low 4% range to as much as 6.5% depending on loan size, term, property type and strength of transaction and are typically amortized for 20 to 25 years and in some cases as long as 30 years.

The 5 year fixed rate with a 25 year amortization is a popular product. After the initial 5 years the loan could adjust as frequently as monthly or as infrequently as every 5 years depending on the lender.

October 2017 504 Mortgage Rate: 4.56%* – fixed for 20 years.

The combination of the 2 loans and the fact that the second mortgage is always permanently fixed make for very attractive 504 loan terms.

SBA 504 Equipment Loans are typically 10 years and can be anywhere from .25 to 1.5% lower than commercial real estate transactions.

SBA 504 Refinance Rates may be slightly higher and multi-purpose property rates are typically lower than single or special use properties like hotels or self storage properties.

Construction loan rates

More About The Fixed Rate Option for 504 First Mortgage

The low rate SBA 25 year fixed rate first mortgage option is available for strong borrowers (strong cash flow, very good credit and credit scores, etc.) financing multi-use properties under the 504 (Grow Loan) program. The loan is fixed for the entire term of the 25 year first mortgage.

The rates for this program are very competitive and when combined with the low rate second mortgage it makes for very attractive fully fixed long term rates. (The rate for the first mortgage will vary depending on loan size, prepayment penalty, etc).

Again, this program is a true fixed rate that will never adjust, so while the rate may be higher than the 1. 3 or 5 year fixed and other options, this loan is the better choice if you intend to own your property for the long haul.

Please contact us for more information about this program: 1-800-414-5285

504 Loan Payment Example

Here is an example of loan amounts and payments for a $1.5 million transaction with 10% down and a 1st mortgage rate of 5%:

Down Payment/Equity Injection: $150,000

The payments would be as follows:

Construction loan rates

Please contact us at 1-800-414-5285 to find out how the SBA 504 or 7a could help your business.

Please note: the SBA does not make loans directly and interest rates are set by the lenders who make the loans.

* Rate includes fees to SBA, CDC and central servicing agent. (Rates change monthly).



Construction Loans for Custom Residential Properties, construction loan rates.#Construction #loan #rates


Construction Loans

  • Construction loan rates

Finance your project, using one of our One Time Close Construction or Remodeling Loans. We offer Powerful Programs combined with Expert Advice, Killer Rates and Prompt Service.

Construction loan rates

T hese programs combine the construction and permanent financing of your project.

You qualify for the loan once, lock in the permanent rate, sign one set of loan documents and have up to 12 months to complete your residential construction project.

  • During the construction period, interest is charged only on the funds that have been disbursed. The permanent loan period begins when the project is completed.
  • Finance up to $3,000,000 and up to 90% of the future value of your new dream home depending on whether you can fully document your income or not.

Construction loan rates

New Home Construction

Construction and take out financing of ground up residential, owner occupied properties, up to four units.

Construction loan rates

Remodeling Loans

Major remodeling loans for currently owned or purchase and rehabilitation of residential properties, up to four units.

Construction loan rates

FHA 203(k)

FHA’s rehabilitation loan program for currently owned homes and purchase transactions of up to four units.

Construction loan rates

Modular Homes

Modular, manufactured & fifth wheel homes. What are the differences? Is financing be available for them?

Construction loan rates

Bad Credit Loans

Construction loans are available for damaged credit, but things can work very differently in this case.

Construction loan rates

Builder Construction Loans

Also known as spec loans these are for speculators who plan on building several homes or a condo project.

Construction loan rates

Lot Loans

Lot Loans for when you are not ready to build, but the opportunity presents itself. For up to Four Units.

Construction loan rates

Stated Income Loans

For hard to document income or very complex combination of corporate and/or trust and personal returns.

Construction loan rates

Closing Costs

Typical closing costs for a construction loan are a little different from conventional mortgages.



Construction Loan, Construction Mortgage, Construction Loans, And Other Construction Financing Options In Ontario, construction loan rates.#Construction #loan #rates


Ontario Construction Loans Mortgages

From the Desk of:

Construction Mortgage Broker

In my experience, whether you re a builder, buyer, or property owner, individuals seeking construction financing tend to be in one of the three stages.

Stage One They re planning a project and are starting to do their research on construction financing sources, how construction financing works, etc.

If you re at this stage, sign up on the right side of this page for the special report on construction financing pitfalls and you ll also receive our information series on the topic of construction finance.

Stage Two They ve completed initial research and planning and now have more specific questions that need to be answered.

For individuals at this stage, I offer a free 15 minute phone consultation where you can ask me absolutely anything about construction financing and I ll do my best to provide the answers. Click Here to schedule a time we can talk either by giving me a call or sending me an email.

Stage Three They re ready to secure financing right now for a residential or commercial financing project and require immediate assistance from a construction financing expert.

If this best describes your situation, Click Here and give me a call right away so we can quickly assess your options and get you a quote.

Construction loans for residential, commercial, and industrial projects are important elements to any construction project that requires financing.

Each application for construction financing is slightly different, but there are also a lot of similarities to consider.

Regardless of the type of construction project we re taking about, management of cash requirements and timing must be well understood and calculated before any financing is applied for or acquired. A construction project will impact the cash flow of builders, suppliers, service providers, borrowers, and potentially the actual lenders, so the importance of accurate budgets, completion stages, payment timelines, and disbursement requirements can’t be understated.

Like any form of financing, a construction loan has to be secured by something of value. If the underlying property has sufficient equity to cover off the first draw of the project, a loan can be established as a second mortgage registered to the property. As construction advances, the property will grow in value and at predetermined points of completion more funds can be advanced against the increased value of the overall property.

These points of completion, or milestones, are established at the beginning of the project and reflect points in the project when the completed work would actually increase the fair value of the property. As an example with a residential home, the first milestone is typically the completion of the basement and foundation. The next milestone would likely include the framing of the building and enclosure of the walls and roof.

When a milestone is met, the lender will get a third party opinion of value from an accredited appraiser (most cases) to verify that sufficient work has been completed to a satisfactory degree to support an increase in property value. Once verified, the construction draw is issued by the lender directly to the builder and the project advances to the next stage. The process is repeated until the overall project is complete.

Construction loans are either stand alone bridge loans for only the period of construction, or they are part of a combination loan that starts out as construction financing and rolls into a pre-approved long term mortgage.

In the first case, the construction financing is provided by a lender that only issues capital for construction projects. The “take out” of the construction funds at the completion of the project will be done by a separate lender that may only be focused on completed projects.

For situations where separate lenders are involved, the construction financing entity will want to know that longer term financing is available or has already been arranged so that at the completion of the construction project, the construction lender can get paid out. If this is not well know or established before construction commences, the construction lender may suspend their financing approval until they are comfortable that a suitable exit plan exists.

In the second case, the same lending group provides the construction financing facility at the outset, and rolls the funds advanced into a longer term mortgage facility at completion. This type of arrangement tends to only be available in high net worth situations where the construction funds advanced do not represent a high percentage of the value of the available security.

In other words, the higher the percentage of the project that is financed by a construction loan, the more likely the construction financing element will be provided by specialized construction lenders not involved with the long term financing of the project. These specialized lenders are bridge financing experts that turn their capital many times a year by focusing exclusively on short term construction financing projects.

As the size and complexity of a construction project goes up, so does the requirements of the related lenders. Lenders will further specialize by types of financing projects and even by geography, so locating and securing construction loans for your exact requirements can be bit challenging at times.

Even when construction financing is located and secured, the terms and conditions of use can vary considerably from one lender to another and should be clearly understood before accepting a lender’s commitment.

As I mentioned earlier, the project management aspects of a construction loan can be significant and should not be taken lightly.

While I’ve personally worked on many successful construction projects, I’ve also seen many cases where there were significant delays in the project, budgets were not accurate and did not properly allow for any contingencies, the administration process and requirements of the lender were not well understood and created cash flow shortfalls that either put the project in jeopardy or stalled the project in an unfinished stated.

I’ve also successfully helped people that have come to me in the middle of a project where the sources of funding could not meet the needs of the construction schedule. Through some creative bridge financing, I ve been able to save their projects.

The point I’m trying to make here is that there is enough complexity and uncertainty in any construction project to warrant the assistance of a professional to not only help you secure the best available financing, but also guide you through issues as they may arise.

That’s why the best first step when seeking a construction loan is to give me a call so you can get a free assessment of your options and learn more about how to successfully manage the overall process.

Providing Construction loans and Construction Financing Mortgages in the following Southern Ontario Locations:

Acton, Ajax, Alliston, Arnprior, Ancaster, Angus, Aurora, Barrie, Belleville, Bolton,Bowmanville, Bradford, Brampton, Brantford, Burlington, Caledon, Cambridge, Carleton Place, Chatham, Clarington, Clifford, Collingwood, Cookstown, Elmvale, East York, Etobicoke, Fenelon Falls, Fonthill, Georgetown, Grimsby, Guelph, Hamilton, Keswick, Kingston, Kitchener, Lancaster, Lindsay, London, Lucan, Markham, Mississauga, Newmarket, Niagara Falls, Niagara on the Lake, North York, Oakville, Orangeville, Orillia, Ottawa, Owen Sound, Peterborough, Picton, Port Hope, Port Perry, Richmond Hill, Sarnia, Sault Ste. Marie, Scarborough, Sharon, St. Catharines, St. Jacobs, St. Thomas, Stoney Creek, Stratford, Streetsville, Thornhill, Thorold, Tillsonburg, Toronto, Uxbridge, Vaughan, Wasaga Beach, Waterdown, Waterloo, Welland, Westport, Whitby,

Whitechurch, Stouffville, Wiarton, Windsor, Woodstock, Woodbridge, York

Construction loan rates



Plot and Construction Loan, Plot and Construction Loans, construction loan calculator.#Construction #loan #calculator


Plot Construction Composite Loan

You have identified a beautiful plot of land on which you wish to construct your dream home by yourself. Come to DHFL for a composite loan that covers the cost of the plot of land as well as the construction.

Features and Benefits of DHFL Plot Construction Composite Loan

  1. Tenure Term: The tenure of your Plot + Construction Composite Land loan ranges from 1 to 20 years. The term, however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self-employed individuals)
  2. Purpose: Avail a Plot + Construction Composite Land loan for purchase of non-agricultural land situated within Municipal / Local Development Authority limits and then construct your house.
  3. Reduce your EMI : With tenure of 20 years, you can reduce the EMI amount on your Plot + Construction Composite Land loan, so that your outgoings every month do not come in the way of your lifestyle and living standards.
  4. Interest Rates: The Interest rate applicable is based on the DHFL’s Retail Prime Lending Rate (RPLR) which fluctuates from time to time based on the money market conditions.
  5. Processing Fees (Non-Refundable) : This is charged as the fee towards processing your loan application:

Salaried individuals (SAL)

Self-Employed Professionals / Non Professionals (SEP / SENP)

*GST as applicable

  • Easy Repayments: You have 2 options for repayment of the loan based on the EMIs payable on your Plot + Construction Composite Land loan:
    1. Through ECS (Electronic Clearing Service) based on standing instructions to your bank
    2. Post Dated Cheques(PDCs) drawn on your Savings/Salary account
  • Plot Construction Composite Land Loan: Get Maximum Tax benefit under Home Improvement Loan scheme. As per Indian IT Rules, the current applicable exemption u/s 24 is ` 2 lacs for the interest amount paid in a financial year and up to ` 1.5 lac for the Principal amount repaid in the same year. Thus up to ` 3.5 lacs is tax exempt, helping you save up to ` 1,08,150 tax annually (Assuming he is taxable at the maximum tax rate i.e. 30.9%).
  • Applicant and Co-Applicant:Plot + Construction Composite Land loans can be applied by individuals. The loan amount can be further enhanced by including an earning co-applicant.
  • Stamp Duty: Stamp duty on the loan documents to be executed shall be paid by the Applicant.
  • Pre-Payments:There are no pre-payment charges if paid 4 times in a financial year after 6 months. For pre-payments above 20% in a financial year, a fee of 2% is charged on the excess amount being so paid. A pre-payment charge of 2% charge on the outstanding amount is applicable if no construction done within 3 years and 3% after 3 years if the borrower is other than individual.
  • Easy Documentation: To enable us to speedily process your Plot + Construction Composite Land loan application, we will require the following:
    1. KYC (Know Your Customer) documents
    2. Proof of Income documents and bank statements as per log-in checklist
    3. Property related documents
  • Documentation Required For Plot Construction Composite Land Loan

    Plot Construction Composite Land loan: Services Charges

    Download Forms

    Click here to view download forms

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    Construction loan calculatorCALCULATORS



    USDA Construction to Permanent Loan, construction loan calculator.#Construction #loan #calculator


    USDA Construction to Permanent Loan

    Construction loan calculator

    USDA Construction to Permanent Loan

    Are you looking for a home financing option that supports you from start to finish? USDA home loans can help you.

    The USDA Rural Development provides low to mid income buyers with construction to permanent loans that allow them to combine construction financing and permanent mortgage into one. The permanent mortgage starts when the construction financing gets over; and since two loans are combined into one, those availing this option will have to pay the closing costs just once. This is a very simple process, quite similar to that of regular home loans.

    USDA loan enables you to build your house with complete financing from the beginning till the end. By getting home financing from start to finish using USDA Loans, you can enjoy the experience owning a home without feeling burdened by the finances.

    Are You Eligible for the USDA Construction to Permanent Loan?

    There are criteria you need to qualify to be eligible for a construction to permanent loan. Firstly, your house must be Owner Occupied (OO) as either a primary residence or a secondary one. Second, only a licensed builder should be involved in constructing your house. And, third, the property should be a one unit, single family detached home.

    What is the Process of Availing Construction to Permanent Loan?

    If you want to start with the application process, you can contact us and we will provide you with the best USDA loan experts. They will guide you through the process of the loan, the rates of interest and the loan terms. To complete the application process you need to submit various things like your construction agreement and financial information. Furthermore, you also have to submit the facade and floor plan of your house, the land contract, and the deed to lot, if applicable.

    How to Meet the Closing Requirements?

    You need to have sufficient money with you at the time of closing, so that you can easily use it for closing costs and down payment. The USDA Loans Direct might use your property as a way of meeting the requirements of your down payment. This is done only when the lot is owned by you.

    Obtain the Home Owners Insurance

    Construction loan calculatorIt is necessary for you to provide a copy of your home insurance policy to USDA Loans Direct. This policy should be prepaid for 12 months and should include a “builder’s risk coverage”. This protects you financially from any damage that occurs during the construction phase of your house like theft.

    How to Draw on Your Loan?

    After your down payment has been consumed, you can start drawing money from your loan to pay for the costs of construction. You do not need to pay interest on your loan amount until you start drawing it. The payments made during the construction phase are interest only and the outstanding loan balance is used to calculate the amount.

    How to Manage Overrun Costs on Your USDA Home Loan?

    You might want to make modifications or upgrades to your loan because of increase in the cost of construction. But you will have to take care of it yourself; as before the modification to your permanent loan, the amount of loan can be reduced but it cannot be increased.

    Construction loan calculatorHow to Modify your Permanent Mortgage?

    After the construction is completed, an occupy permit and final completion certificate is acquired from your local governing jurisdiction by the USDA Loan Direct. Then a final inspection is performed by us, after which we will convert your loan into a permanent mortgage.

    Establishing an Escrow Account

    After completion of your house and modification of the loan, escrow accounts are established for insurance and real estate taxes. The payment of insurance and taxes during construction is your responsibility and so is any reserve which is required while creating your escrow account.

    To know more about home financing from start to finish using USDA Loans, talk to our loan experts today!



    Plot and Construction Loan, Plot and Construction Loans, construction loans.#Construction #loans


    Plot Construction Composite Loan

    You have identified a beautiful plot of land on which you wish to construct your dream home by yourself. Come to DHFL for a composite loan that covers the cost of the plot of land as well as the construction.

    Features and Benefits of DHFL Plot Construction Composite Loan

    1. Tenure Term: The tenure of your Plot + Construction Composite Land loan ranges from 1 to 20 years. The term, however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self-employed individuals)
    2. Purpose: Avail a Plot + Construction Composite Land loan for purchase of non-agricultural land situated within Municipal / Local Development Authority limits and then construct your house.
    3. Reduce your EMI : With tenure of 20 years, you can reduce the EMI amount on your Plot + Construction Composite Land loan, so that your outgoings every month do not come in the way of your lifestyle and living standards.
    4. Interest Rates: The Interest rate applicable is based on the DHFL’s Retail Prime Lending Rate (RPLR) which fluctuates from time to time based on the money market conditions.
    5. Processing Fees (Non-Refundable) : This is charged as the fee towards processing your loan application:

    Salaried individuals (SAL)

    Self-Employed Professionals / Non Professionals (SEP / SENP)

    *GST as applicable

  • Easy Repayments: You have 2 options for repayment of the loan based on the EMIs payable on your Plot + Construction Composite Land loan:
    1. Through ECS (Electronic Clearing Service) based on standing instructions to your bank
    2. Post Dated Cheques(PDCs) drawn on your Savings/Salary account
  • Plot Construction Composite Land Loan: Get Maximum Tax benefit under Home Improvement Loan scheme. As per Indian IT Rules, the current applicable exemption u/s 24 is ` 2 lacs for the interest amount paid in a financial year and up to ` 1.5 lac for the Principal amount repaid in the same year. Thus up to ` 3.5 lacs is tax exempt, helping you save up to ` 1,08,150 tax annually (Assuming he is taxable at the maximum tax rate i.e. 30.9%).
  • Applicant and Co-Applicant:Plot + Construction Composite Land loans can be applied by individuals. The loan amount can be further enhanced by including an earning co-applicant.
  • Stamp Duty: Stamp duty on the loan documents to be executed shall be paid by the Applicant.
  • Pre-Payments:There are no pre-payment charges if paid 4 times in a financial year after 6 months. For pre-payments above 20% in a financial year, a fee of 2% is charged on the excess amount being so paid. A pre-payment charge of 2% charge on the outstanding amount is applicable if no construction done within 3 years and 3% after 3 years if the borrower is other than individual.
  • Easy Documentation: To enable us to speedily process your Plot + Construction Composite Land loan application, we will require the following:
    1. KYC (Know Your Customer) documents
    2. Proof of Income documents and bank statements as per log-in checklist
    3. Property related documents
  • Documentation Required For Plot Construction Composite Land Loan

    Plot Construction Composite Land loan: Services Charges

    Download Forms

    Click here to view download forms

    Construction loansENQUIRY FORM

    All fields are mandatory

    Construction loansBLOG

    Construction loansCALCULATORS



    Home Construction Loans, Citizens Bank, construction loan.#Construction #loan


    Home Construction Loans

    While some people search for their dream houses among a pool of houses already built, others prefer to customize their dream homes by building on a specific plot of land. Once you’ve purchased that land and begun designing your dream home, you’ll need to determine financing for the construction, find the right builder and understand zoning restrictions. One option may be to consider a home construction loan or similar product designed to help you with home construction finance, rather than a new home purchase where you would apply for a mortgage.

    Before you can get home construction financing in place, you first need to learn building restrictions and local zoning regulations. In most areas, those local ordinances strictly control where, what and how you can build. Generally speaking, they are in place to ensure you to blend in with the look of surrounding structures. Go to your local courthouse or town office and look at a zoning map to determine the zoning classification of where you want to build. Classifications include rural, residential, agricultural, business, commercial and industrial. After you know you’re zoning classification, ask for a copy of zoning regulations.

    Once you’ve established that you have the legal right to build your project under applicable zoning rules, you’ll need to give some thought to the narrower zoning provisions that govern allowable design and how they’ll affect your plans. Potential zoning restrictions or guidelines may include:

    • Height and overall size of buildings
    • Building proximity to other structures
    • Area of the lot that will contain structures
    • Distance from the road or a water source
    • Landscaping
    • Fences
    • Pools

    Home construction finance options

    As these plans begin taking tangible form, you’ll need to get serious about how you’ll secure financing for your project. Some lenders offer a home construction loan that acts as a line of credit to cover expenses during the building and then becomes a permanent mortgage when you receive a certificate of occupancy.

    Most home construction loans are made for a limited duration, often no more than a year. Lenders may approve disbursal of the money in phases, which is designed to ensure that distinct portions of the project are completed before any additional funds are released for later phases. You may be able to go this route if you have equity built up in your land already.

    As an alternative to a residential construction loan, some lenders will approve you for a permanent mortgage and provide your builder with assurance that you will be starting mortgage payments when you are handed the keys to move into the home. Builders generally have lenders they work with to finance the cost of materials and labor during the build and will be paid by your lender when the work is complete. You will then start making payments on a permanent mortgage. Since you already own the land, this may be considered a ‘down payment’ on your mortgage when you apply, which may help you obtain a larger loan.

    Finding a builder

    Once you know your zoning options and have lined up home construction financing, you’re ready to search for the right general contractor or builder to help you execute your plans. He may or may not bring an architect to the table as well. Ask around for referrals to builders or contractors with a strong track record of building quality homes on time and within budget.

    • Be clear ahead of time on what your builder will provide you. This is usually something a lender will require as well for greater assurance in your home construction finance.
    • When will the home be completed?
    • Will the builder help with such crucial details as serving as a liaison to utilities?
    • If not, who is responsible for seeing that your house connects to the municipal sewer systems, the electric grid and other utilities?

    Choose a permanent mortgage or a home construction loan with help from Citizens Bank

    Let a Citizens Bank home loan originator help you decide if a permanent mortgage solution or a residential construction loan is right for you when building your new house. Call us at 1-888-514-2300 to learn more about home construction finance for your situation. If you’re ready to start building, you can start the mortgage application process online today.



    Home Construction Loans, Citizens Bank, home construction loans.#Home #construction #loans


    Home Construction Loans

    While some people search for their dream houses among a pool of houses already built, others prefer to customize their dream homes by building on a specific plot of land. Once you’ve purchased that land and begun designing your dream home, you’ll need to determine financing for the construction, find the right builder and understand zoning restrictions. One option may be to consider a home construction loan or similar product designed to help you with home construction finance, rather than a new home purchase where you would apply for a mortgage.

    Before you can get home construction financing in place, you first need to learn building restrictions and local zoning regulations. In most areas, those local ordinances strictly control where, what and how you can build. Generally speaking, they are in place to ensure you to blend in with the look of surrounding structures. Go to your local courthouse or town office and look at a zoning map to determine the zoning classification of where you want to build. Classifications include rural, residential, agricultural, business, commercial and industrial. After you know you’re zoning classification, ask for a copy of zoning regulations.

    Once you’ve established that you have the legal right to build your project under applicable zoning rules, you’ll need to give some thought to the narrower zoning provisions that govern allowable design and how they’ll affect your plans. Potential zoning restrictions or guidelines may include:

    • Height and overall size of buildings
    • Building proximity to other structures
    • Area of the lot that will contain structures
    • Distance from the road or a water source
    • Landscaping
    • Fences
    • Pools

    Home construction finance options

    As these plans begin taking tangible form, you’ll need to get serious about how you’ll secure financing for your project. Some lenders offer a home construction loan that acts as a line of credit to cover expenses during the building and then becomes a permanent mortgage when you receive a certificate of occupancy.

    Most home construction loans are made for a limited duration, often no more than a year. Lenders may approve disbursal of the money in phases, which is designed to ensure that distinct portions of the project are completed before any additional funds are released for later phases. You may be able to go this route if you have equity built up in your land already.

    As an alternative to a residential construction loan, some lenders will approve you for a permanent mortgage and provide your builder with assurance that you will be starting mortgage payments when you are handed the keys to move into the home. Builders generally have lenders they work with to finance the cost of materials and labor during the build and will be paid by your lender when the work is complete. You will then start making payments on a permanent mortgage. Since you already own the land, this may be considered a ‘down payment’ on your mortgage when you apply, which may help you obtain a larger loan.

    Finding a builder

    Once you know your zoning options and have lined up home construction financing, you’re ready to search for the right general contractor or builder to help you execute your plans. He may or may not bring an architect to the table as well. Ask around for referrals to builders or contractors with a strong track record of building quality homes on time and within budget.

    • Be clear ahead of time on what your builder will provide you. This is usually something a lender will require as well for greater assurance in your home construction finance.
    • When will the home be completed?
    • Will the builder help with such crucial details as serving as a liaison to utilities?
    • If not, who is responsible for seeing that your house connects to the municipal sewer systems, the electric grid and other utilities?

    Choose a permanent mortgage or a home construction loan with help from Citizens Bank

    Let a Citizens Bank home loan originator help you decide if a permanent mortgage solution or a residential construction loan is right for you when building your new house. Call us at 1-888-514-2300 to learn more about home construction finance for your situation. If you’re ready to start building, you can start the mortgage application process online today.



    Home Loan Interest Rates – Best Housing Loan Rates & Service Charges, construction loan rates.#Construction #loan #rates


    Home Loan Interest Rates

    Are you wanting to purchase the house of your dreams?

    DHFL offers you the best home loan rates that will help you maintain your monthly budget.

    Best Home Loan Interest Rate offered from DHFL

    Click here to download the Mock MITC format

    DHFL Home Loan Interest Rates:

    For Salaried / SEP (Re-substitution ROI)

    For Self Employed / SENP (Re-substitution ROI)

    DHFL ensures that you get the best services on your home loan, please find below the charges applicable on services associated with your home loan:

    ` 100 + Applicable GST for loans above ` 5 lac

    b. Beyond 60 km: ` 500 + Applicable GST for first visit and ` 750 + Applicable GST for subsequent visits

    Subsequent visits: ` 500 + Applicable GST

    (Borrower/co-borrower is other than individual)

    b. ` 5000 + Applicable GST for loan above ` 75 lac

    a. Conversion scheme can be availed only after 1 year from the date of disbursement.

    b. Conversion scheme is not applicable for loans sanctioned under Land Loans, Easy Land Cum Construction Loans and/or Composite Loan (for only those cases where construction is still not done) and for Surrogate Products.

    Subsequent : ` 250 + Applicable GST

    ` 2,000 + Applicable GST for loans above ` 10 Lac

    No conversion is applicable for loans sanctioned under Land Loans, ELCC/ Composite Loan (Only those cases where construction is still not done) and Surrogate Products.

    We at DHFL, offer you the one of the lowest interest rate for a home loan which sure does make a huge difference to your overall budget. Also, with the current rate of interest on home loans, DHFL will help ensure that financial restraints do not come your way, while your purchase your very own dream home. So do not hesitate to take our help and invest in a lifetime of happiness for yourself.

    *Terms and conditions apply. Limited Period Offer

    Construction loan rates



    Plot and Construction Loan, Plot and Construction Loans, construction loan rates.#Construction #loan #rates


    Plot Construction Composite Loan

    You have identified a beautiful plot of land on which you wish to construct your dream home by yourself. Come to DHFL for a composite loan that covers the cost of the plot of land as well as the construction.

    Features and Benefits of DHFL Plot Construction Composite Loan

    1. Tenure Term: The tenure of your Plot + Construction Composite Land loan ranges from 1 to 20 years. The term, however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self-employed individuals)
    2. Purpose: Avail a Plot + Construction Composite Land loan for purchase of non-agricultural land situated within Municipal / Local Development Authority limits and then construct your house.
    3. Reduce your EMI : With tenure of 20 years, you can reduce the EMI amount on your Plot + Construction Composite Land loan, so that your outgoings every month do not come in the way of your lifestyle and living standards.
    4. Interest Rates: The Interest rate applicable is based on the DHFL’s Retail Prime Lending Rate (RPLR) which fluctuates from time to time based on the money market conditions.
    5. Processing Fees (Non-Refundable) : This is charged as the fee towards processing your loan application:

    Salaried individuals (SAL)

    Self-Employed Professionals / Non Professionals (SEP / SENP)

    *GST as applicable

  • Easy Repayments: You have 2 options for repayment of the loan based on the EMIs payable on your Plot + Construction Composite Land loan:
    1. Through ECS (Electronic Clearing Service) based on standing instructions to your bank
    2. Post Dated Cheques(PDCs) drawn on your Savings/Salary account
  • Plot Construction Composite Land Loan: Get Maximum Tax benefit under Home Improvement Loan scheme. As per Indian IT Rules, the current applicable exemption u/s 24 is ` 2 lacs for the interest amount paid in a financial year and up to ` 1.5 lac for the Principal amount repaid in the same year. Thus up to ` 3.5 lacs is tax exempt, helping you save up to ` 1,08,150 tax annually (Assuming he is taxable at the maximum tax rate i.e. 30.9%).
  • Applicant and Co-Applicant:Plot + Construction Composite Land loans can be applied by individuals. The loan amount can be further enhanced by including an earning co-applicant.
  • Stamp Duty: Stamp duty on the loan documents to be executed shall be paid by the Applicant.
  • Pre-Payments:There are no pre-payment charges if paid 4 times in a financial year after 6 months. For pre-payments above 20% in a financial year, a fee of 2% is charged on the excess amount being so paid. A pre-payment charge of 2% charge on the outstanding amount is applicable if no construction done within 3 years and 3% after 3 years if the borrower is other than individual.
  • Easy Documentation: To enable us to speedily process your Plot + Construction Composite Land loan application, we will require the following:
    1. KYC (Know Your Customer) documents
    2. Proof of Income documents and bank statements as per log-in checklist
    3. Property related documents
  • Documentation Required For Plot Construction Composite Land Loan

    Plot Construction Composite Land loan: Services Charges

    Download Forms

    Click here to view download forms

    Construction loan ratesENQUIRY FORM

    All fields are mandatory

    Construction loan ratesBLOG

    Construction loan ratesCALCULATORS



    Ontario Construction Loans, Construction Mortgage Financing, construction loans.#Construction #loans


    Here s Where You Get Construction Loans For Land Purchase, Site Development, Building Construction Take Out Mortgage For Your Residential or Commercial Construction Project.

    Construction loans

    Call 647 933 1090 Today!

    Construction loans

    Construction loans

    Construction Mortgage Broker

    Welcome builders, developers, buyers, and home owners seeking construction financing for construction projects in Southwestern Ontario.

    Let me explain to you why we re you re number one source for Ontario construction loans and mortgages.

    First, let s start with my definition of Construction Loans, which includes the following 6 different forms of construction financing:

    • Land Purchase Loans: Undeveloped bare land, partially developed land, serviced lots, unserviced lots, single lots, multiple lots.
    • Site Development Loans: Landscaping, roads, sewers, and other infrastructure.
    • Building Construction Loans: Home renovation, building addition and new construction for residential or commercial applications.
    • Construction Bridge Loans: Covers funding shortfalls near the end of a project unmet by the building construction loan.
    • Condo Inventory Loans: Provides additional capital after construction to cash flow the project until condo registration is received.
    • Long Term Take Out Loans: Long term mortgages that payout construction loans once an occupancy permit is received.
    • Mezzanine Loan: Quazi form of equity financing secured by the project and utilized to cover off the equity requirements of the senior construction loan lender

    Most construction projects will require two or three of these construction mortgage applications during a single project, and still others will require four or five, depending on the project and the circumstances.

    Because each type of financing requires a unique mortgage, and sometimes from a different lender, the seamless coordination from one source of financing to another is critical to keeping your project on track and minimizing your overall financing costs.

    Working with too many brokers and lender over the duration of any project can also become very complex to manage and increases the risk of having problems keeping your overall cash flow on track.

    Our focus is to be your one stop shop for construction financing, whatever form of it is required at any one time, and by concentrating our efforts in one particular geographic area, we are able to maintain the necessary lender relationships to achieve this.

    Second, whether you re project is residential or commercial, industrial or mixed use, housing development or apartment complex, new construction, addition, or renovation, we have the institutional and private funding sources that can not only finance all these types of construction projects, but also a broad spectrum of credit profiles and borrower requirements.

    Third, and perhaps the most important, is my 34 years of construction financing experience and the ability of my team to provide a high level of customer service to you. In this business, experience accounts for plenty.

    Lenders can be very selective with the projects they approve and the terms and conditions they extend.

    If you want construction funding in place, for the amount you require, in the time you ve got to work with, for the best available rates and terms, you re going to need someone selling the merits of your project that knows what they re doing.

    Also remember that it s one thing to find and secure the money ..it can be quite another to manage the lender relationship, draw process, and transition from one mortgage to the next if required.

    Working with a construction mortgage brokerage that is focused on customer service and has the experience to help you effectively deal with issues as they arise (and they will arise) can truly become an invaluable asset to you.

    If You Need a Construction Loan Right Now,

    Here Are Several Good Reasons To Give Me a Call.

    • 30+ years of well developed private and institutional lender relationships in the region.
    • 30+ years of accumulated market knowledge of the area
    • 30+ years working with area lawyers, real estate agents, appraisers, etc.
    • 30+ years of satisfied customers that return for service over and over again.
    • 30+ years of solving problems, bailing clients out of scrapes, and overcoming many of the obstacles common to the construction process.
    Doing Research on Construction Financing?

    If you re here to conduct research, then I recommend you sign up on the right for our construction financing information series where you ll get a first hand education on the topic of construction finance.

    Ready To Get Your Project Going?

    If you re planning process is moving forward and you re now at the point where you need to get a construction loan arranged, I recommend you pick up the phone and

    Give Me a Call on My Direct Line, 647 933 1090

    and I will quickly go over your requirements, provide relevant construction financing options, and help you decide on the best course of action.

    Its pretty obvious I don t know how to write a fancy sales letter, so let me just come out with what I m trying to say I want the opportunity to earn your business and prove to you day in and day out that working with me and my team was one of the best decision you made during your construction project.

    Construction financing can be challenging to locate, arrange, and manage, but we take our responsibility to get you all the way through your project very seriously, regardless of what issues may arise along the way.

    Our customers will attest to this and I m confident you will too once we ve had the opportunity to work together.

    To Your Construction Financing Success

    Construction loans

    Toronto Mortgage Broker

    Bedrock Financial Group Inc.

    1935 Leslie Street

    Click Here To Speak With Joe Walsh,

    Your Southwestern Ontario Construction Financing Expert.

    Providing Ontario construction loans, mortgages, and other construction financing services to the following Southwestern Ontario locations:

    Ajax, Alliston, Arnprior, Acton, Angus, Aurora, Brantford, Burlington, Caledon, Cambridge, Carleton Place, Ancaster, Belleville, Bolton, Bowmanville, Barrie, Bradford, East York, Brampton, Etobicoke, Fonthill, Georgetown, Fenelon Falls, Clarington, Clifford, Chatham, Collingwood, Elmvale, Lindsay, London, Lancaster Lucan, Markham, Mississauga, Cookstown, Guelph, Hamilton, Grimsby, Kingston, Kitchener, Keswick, Orangeville, Orillia, Oakville, Owen Sound, Niagara Falls, Niagara on the Lake, North York, Ottawa,Newmarket, Sault Ste. Marie, Sharon, St. Catharines, Sarnia, Scarborough, Picton, Port Hope, Peterborough, Richmond Hill, Port Perry, Thorold, Tillsonburg, Thornhill, Uxbridge, Vaughan, Toronto, St. Thomas, Stoney Creek, St. Jacobs, Streetsville, Stratford, Stouffville, Wiarton, Whitechurch, Woodstock, Woodbridge, York, Windsor, Welland, Waterdown, Waterloo, Wasaga Beach, Westport, Whitby

    Construction loans



    Construction Loans for Custom Residential Properties, construction loan.#Construction #loan


    Construction Loans

    • Construction loan

    Finance your project, using one of our One Time Close Construction or Remodeling Loans. We offer Powerful Programs combined with Expert Advice, Killer Rates and Prompt Service.

    Construction loan

    T hese programs combine the construction and permanent financing of your project.

    You qualify for the loan once, lock in the permanent rate, sign one set of loan documents and have up to 12 months to complete your residential construction project.

    • During the construction period, interest is charged only on the funds that have been disbursed. The permanent loan period begins when the project is completed.
    • Finance up to $3,000,000 and up to 90% of the future value of your new dream home depending on whether you can fully document your income or not.

    Construction loan

    New Home Construction

    Construction and take out financing of ground up residential, owner occupied properties, up to four units.

    Construction loan

    Remodeling Loans

    Major remodeling loans for currently owned or purchase and rehabilitation of residential properties, up to four units.

    Construction loan

    FHA 203(k)

    FHA’s rehabilitation loan program for currently owned homes and purchase transactions of up to four units.

    Construction loan

    Modular Homes

    Modular, manufactured & fifth wheel homes. What are the differences? Is financing be available for them?

    Construction loan

    Bad Credit Loans

    Construction loans are available for damaged credit, but things can work very differently in this case.

    Construction loan

    Builder Construction Loans

    Also known as spec loans these are for speculators who plan on building several homes or a condo project.

    Construction loan

    Lot Loans

    Lot Loans for when you are not ready to build, but the opportunity presents itself. For up to Four Units.

    Construction loan

    Stated Income Loans

    For hard to document income or very complex combination of corporate and/or trust and personal returns.

    Construction loan

    Closing Costs

    Typical closing costs for a construction loan are a little different from conventional mortgages.



    Home Loan Interest Rates – Best Housing Loan Rates & Service Charges, construction loan rates.#Construction #loan #rates


    Home Loan Interest Rates

    Are you wanting to purchase the house of your dreams?

    DHFL offers you the best home loan rates that will help you maintain your monthly budget.

    Best Home Loan Interest Rate offered from DHFL

    Click here to download the Mock MITC format

    DHFL Home Loan Interest Rates:

    For Salaried / SEP (Re-substitution ROI)

    For Self Employed / SENP (Re-substitution ROI)

    DHFL ensures that you get the best services on your home loan, please find below the charges applicable on services associated with your home loan:

    ` 100 + Applicable GST for loans above ` 5 lac

    b. Beyond 60 km: ` 500 + Applicable GST for first visit and ` 750 + Applicable GST for subsequent visits

    Subsequent visits: ` 500 + Applicable GST

    (Borrower/co-borrower is other than individual)

    b. ` 5000 + Applicable GST for loan above ` 75 lac

    a. Conversion scheme can be availed only after 1 year from the date of disbursement.

    b. Conversion scheme is not applicable for loans sanctioned under Land Loans, Easy Land Cum Construction Loans and/or Composite Loan (for only those cases where construction is still not done) and for Surrogate Products.

    Subsequent : ` 250 + Applicable GST

    ` 2,000 + Applicable GST for loans above ` 10 Lac

    No conversion is applicable for loans sanctioned under Land Loans, ELCC/ Composite Loan (Only those cases where construction is still not done) and Surrogate Products.

    We at DHFL, offer you the one of the lowest interest rate for a home loan which sure does make a huge difference to your overall budget. Also, with the current rate of interest on home loans, DHFL will help ensure that financial restraints do not come your way, while your purchase your very own dream home. So do not hesitate to take our help and invest in a lifetime of happiness for yourself.

    *Terms and conditions apply. Limited Period Offer

    Construction loan rates



    Plot and Construction Loan, Plot and Construction Loans, construction loan rates.#Construction #loan #rates


    Plot Construction Composite Loan

    You have identified a beautiful plot of land on which you wish to construct your dream home by yourself. Come to DHFL for a composite loan that covers the cost of the plot of land as well as the construction.

    Features and Benefits of DHFL Plot Construction Composite Loan

    1. Tenure Term: The tenure of your Plot + Construction Composite Land loan ranges from 1 to 20 years. The term, however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self-employed individuals)
    2. Purpose: Avail a Plot + Construction Composite Land loan for purchase of non-agricultural land situated within Municipal / Local Development Authority limits and then construct your house.
    3. Reduce your EMI : With tenure of 20 years, you can reduce the EMI amount on your Plot + Construction Composite Land loan, so that your outgoings every month do not come in the way of your lifestyle and living standards.
    4. Interest Rates: The Interest rate applicable is based on the DHFL’s Retail Prime Lending Rate (RPLR) which fluctuates from time to time based on the money market conditions.
    5. Processing Fees (Non-Refundable) : This is charged as the fee towards processing your loan application:

    Salaried individuals (SAL)

    Self-Employed Professionals / Non Professionals (SEP / SENP)

    *GST as applicable

  • Easy Repayments: You have 2 options for repayment of the loan based on the EMIs payable on your Plot + Construction Composite Land loan:
    1. Through ECS (Electronic Clearing Service) based on standing instructions to your bank
    2. Post Dated Cheques(PDCs) drawn on your Savings/Salary account
  • Plot Construction Composite Land Loan: Get Maximum Tax benefit under Home Improvement Loan scheme. As per Indian IT Rules, the current applicable exemption u/s 24 is ` 2 lacs for the interest amount paid in a financial year and up to ` 1.5 lac for the Principal amount repaid in the same year. Thus up to ` 3.5 lacs is tax exempt, helping you save up to ` 1,08,150 tax annually (Assuming he is taxable at the maximum tax rate i.e. 30.9%).
  • Applicant and Co-Applicant:Plot + Construction Composite Land loans can be applied by individuals. The loan amount can be further enhanced by including an earning co-applicant.
  • Stamp Duty: Stamp duty on the loan documents to be executed shall be paid by the Applicant.
  • Pre-Payments:There are no pre-payment charges if paid 4 times in a financial year after 6 months. For pre-payments above 20% in a financial year, a fee of 2% is charged on the excess amount being so paid. A pre-payment charge of 2% charge on the outstanding amount is applicable if no construction done within 3 years and 3% after 3 years if the borrower is other than individual.
  • Easy Documentation: To enable us to speedily process your Plot + Construction Composite Land loan application, we will require the following:
    1. KYC (Know Your Customer) documents
    2. Proof of Income documents and bank statements as per log-in checklist
    3. Property related documents
  • Documentation Required For Plot Construction Composite Land Loan

    Plot Construction Composite Land loan: Services Charges

    Download Forms

    Click here to view download forms

    Construction loan ratesENQUIRY FORM

    All fields are mandatory

    Construction loan ratesBLOG

    Construction loan ratesCALCULATORS



    Interest Only Calculator, Payments During Construction, construction loan calculator.#Construction #loan #calculator


    Interest Only Calculator

    • Construction loan calculator

    Construction loan calculator

    Simple Interest Payment Calculator

    This calculator will compute the interest only payment for construction loans.

    Construction loan calculator

    Construction Loan Budget Calculator

    Almost every lender will use a slightly different version of this calculator.

    How and When is a Simple Interest Calculator Used During the Construction Phase

    Interest Only Construction Loan Calculator

    D uring construction a construction loan’s payments are based on the loan amount actually drawn, unless if the loan is a hard money loan in which case the entire amount is deposited into an escrow account and interest is charged on the entire loan amount.

    It is therefore difficultif not impossible to accurately estimate what the payments will actually be as the loan amount is subject to change at any one time.

    A good approximation will be to:

    • Take 70% of the loan amount.
    • Use this calculator to figure out monthly payments.
    • Multiply the result by 12 to get the total approximate interest.

    Furthermore, normally no payments are made during construction but rather applied to the payment reserve account that is set up and included in the loan amount.

    A basic and simple to use Construction Loan Amount Calculator is available here.

    Construction loans that include an interest reserve account not only help your cash flow, as you are not saddled with two house payments but also allow you to qualify for a larger loan amount since present and future housing expenses are not included in your debt ratio.

    Construction loans have calculations that are a good deal more involved than a simple purchase or refinance mortgage loan amount.

    Construction lenders calculate the actual construction loan amount after you answer some simple questions.

    The interest only calculator on this page uses Java Script. If you have set your browser not to allow Java Script then you will get a warning asking you if you would like to allow the script to run. All you do is allow the script to run temporarily and the calculator will work.

    Qualifying for a mortgage loan involves debt ratio calculations that very slightly from one financial institution to the next. In most cases the borrower’s debt ratio is analyzed using the fully amortized payment.

    Construction loan calculator

    New Home Construction

    Construction and take out financing of ground up residential, owner occupied properties, up to four units.

    Construction loan calculator

    Remodeling Loans

    Major remodeling loans for currently owned or purchase and rehabilitation of residential properties, up to four units.

    Construction loan calculator

    FHA 203(k)

    FHA’s rehabilitation loan program for currently owned homes and purchase transactions of up to four units.

    Construction loan calculator

    Modular Homes

    Modular, manufactured & fifth wheel homes. What are the differences? Is financing be available for them?

    Construction loan calculator

    Bad Credit Loans

    Construction loans are available for damaged credit, but things can work very differently in this case.

    Construction loan calculator

    Builder Construction Loans

    Also known as spec loans these are for speculators who plan on building several homes or a condo project.

    Construction loan calculator

    Lot Loans

    Lot Loans for when you are not ready to build, but the opportunity presents itself. For up to Four Units.

    Construction loan calculator

    Stated Income Loans

    For hard to document income or very complex combination of corporate and/or trust and personal returns.

    Construction loan calculator

    Closing Costs

    Typical closing costs for a construction loan are a little different from conventional mortgages.



    Loan Calculator and Payment Schedule, Not a Toy, construction loan calculator.#Construction #loan #calculator


    Loan Calculator

    Since you may have happened upon this loan calculator to calculate a monthly payment, I’ll cut to the chase. You’ll only need to enter three numbers, and you can leave the other dozen or so options untouched.

    Here’s all you need to do.

    • Click clear and enter values for:
      • Loan Amount
      • Number of Payments
      • Annual Interest Rate
    • Leave Loan Payment Amount set to 0.
    • Click either Calc or Payment Schedule.

    There you have it. Now you have what you need.

    This calculator though offers users so much more. Spend a few minutes with it, and you’ll see. More below.

    Will making small, extra payments save me money?
    Will paying half the monthly payment every other week save interest charges?
    Buying or selling real estate?

    VERY IMPORTANT – You must enter a 0 if you want a value calculated. Some users have been frustrated by this. They want to know why the calculator does not just recalculate a payment if they have changed the loan amount, interest rate or term.

    This is because we want the calculator to be able to create an amortization schedule using whatever parameters you want to use. This behavior is a feature! After all, there is no such thing as a correct loan payment. The payment amount is correct as long as both the lender and debtor agree to it!

    ABOUT DATES – This calculator now allows irregular length first periods. That is, the calculator calculates the exact amount of interest due even when the initial period is shorter or longer than the other scheduled periods. This will result in payment amounts as well as interest charges that do not match other calculators. If you want to match other calculators then set the Loan Date and 1st Payment Date so that the time between them equals one full period as set in Payment Frequency . Example: If the Loan Date is May 15th and the Payment Frequency is Monthly, then the 1st Payment Date should be set to June 15th, that is IF you want a conventional interest calculation. See the end of the Help text for some more details.

    Of course, you can always leave the dates set as they are when the calculator loads.

    Much More Than a Payment Calculator

    Since the calculator will solve for multiple unknowns, it can easily be used to answer the following questions:

    • How much can I borrow?
    • What would my payment be?
    • What is the lending rate?
    • How long will it take to pay off my loan?
    • What date is my loan paid off?
    • NEW – what is the impact of extra payments?

    Construction loan calculator

    See the payment schedule for total interest saved.

    Loan Calculator Help.

    This calculator will solve for any one of four possible unknowns: Amount of Loan , Total Scheduled Periods (term), Annual Interest Rate or the Periodic Payment .

    Enter a ‘0’ (zero) for one unknown value.

    The term (duration) of the loan is a function of the Total Scheduled Periods and the Payment Frequency . If the loan is calling for monthly payments and the term is four years, then enter 48 for the Total Scheduled Periods . If the payments are made quarterly and the term is ten years, then enter 40 for the Total Scheduled Periods .

    The Amortization Method should be set to Normal (level payments) unless you have a specific reason to set it to another method. Fixed Principal causes the amount allocated to principal to be the same each period which result in decreasing payments.

    If the terms of the loan call for a 0% interest rate, then the Amortization Method must be set to No Interest, otherwise entering a zero for Annual Interest Rate? will cause the calculator to calculate an interest rate. Selecting No Interest, also lets the user set the payment amount to 0 to tell the calculator to calculate it.

    When the first period, the period of time between the loan date and the first payment date is longer than one full period, there will be interest due for the extra days . This is known as odd day interest. Example: if the loan date is March 24 and the first payment date is May 1, then there are 8 odd days of interest – March 24th to April 1st. How the odd day interest is calculated and collected is controlled with the Long Period Options. By default, the odd days interest is shown being paid on the loan date.

    Conversely, if the time between the loan date and first payment date is less than the payment period set, then the first period is said to be a short initial period and the first payment will be reduced due to less interest being owed. How the payment amount and interest is calculated for a short period is determined by the Short Period Options.

    On a more general note, we have been discussing details about loans, some structured with unusual features, over several decades. At this point, we believe our software calculators can create a schedule for any structured settlement loan that exists. If you have a loan with special requirements, please ask.

    Hopefully, you’ll find this loan calculator as well as all the financial calculators on this site to be useful tools. Why not take another sip of your favorite beverage and explore for a few minutes? Start by checking out The Reading Room. Here you’ll find a half dozen articles, written by professionals, about money.



    USDA Home Construction Loans, home construction loans.#Home #construction #loans


    USDA Home Construction Loans

    Home construction loans

    USDA Home Construction Loans

    Buying a home may not be a good idea for you if you don’t want a house that looks identical to almost a dozen of other houses in the neighborhood. Plus, you may not like the layout of the home or the way the bedroom is positioned or your kitchen area. Constructing a new home solves all such problems, but people who have been trying to build home in rural areas know loans don’t come easy. This is primarily because valuing the property in rural areas is a difficult job. The comparable sales are often far off from the concerned property or they are not at all recent. This makes valuation difficult from the lender’s perspective. Many times, rural homes are associated with working or hobby farm, which makes the process even more complex. So, even if you have a great credit history and high value collateral, securing a new construction in the rural area can be very tough. So do you have to compromise? Not at all!

    USDA identified this problem and as a solution introduced the USDA housing loan program. The government offers loans guaranteed by the government through USDA for people who want to build homes in rural areas. The changes that have been made to the housing loan program by USDA will strengthen the rural housing markets and encourage construction of new homes in the rural areas of the country.

    USDA Home Construction Loans

    Home construction loansUSDA offers two types of USDA Construction Loans – the first one is for constructing your own house or build additional buildings in your plot and the second one is strictly dedicated to commercial properties. The first type of loan is sanctioned by the USDA home loan department. USDA offers great opportunities for people who want to build their homes from scratch in rural areas or renovate/ build new structures on their existing property. All kind of repairs, renovations and improvements are included in this loan program.

    Areas which were marked as ‘Rural’ even a few years ago are now suburbs due to the housing boom. So USDA offers financing for the low-income families to build or buy homes in the suburbs. So if you want to get a USDA home loan or construction loan, you don’t have to live in farmlands as the name would suggest.

    Requirements of USDA Home Construction Loans

    Home construction loansUSDA loans are designed keeping in mind the needs of people with moderate to low monthly income, so like any other loan programs by USDA, the home construction loans also have many benefits. You can combine the financing and construction loan into one, which makes it easier to handle.

    But before you apply for a USDA home construction loan and get it approved, you have to fulfill certain criteria. Firstly, you got to have a decent credit score and must show willingness and affordability to pay the monthly mortgage payments. Secondly, your home should be one of the USDA approved rural areas or in an area where the population is less than 20,000. Thirdly, you monthly income should be lower than the designated area median income. If you qualify for all these, you are eligible to get a USDA construction loan.

    So if you have been thinking of building your own home, we can help you with it. Though constructing a new home may take much more time than buying a home, you get an opportunity to stay in a house that you love. Constructing a home often infuses a sense of pride within the homeowner. So wait no more. Get in touch with USDA Home Loans to know more about the USDA construction loans.

    Call us or fill out our online inquiry form. No matter what your housing needs be, we’ll get a solution for you!



    SBA Loan Rates 2017 – 504 and 7a Loan Rates, Green Commercial Capital, construction loan rates.#Construction #loan #rates


    construction loan rates

    Green Commercial Capital / MyMortgageBanker.com

    SBA Loan Rates 2017 1-800-414-5285

    Construction loan rates

    Construction loan rates Construction loan ratesConstruction loan rates

    Construction loan rates

    100% Financing for Established Businesses plus Doctors, Dentists, Veterinarians, Funeral Homes, Pharmacies

    SBA 504 Refinance Program 2016

    Self Storage Mini Storage Businesses Eligible for SBA Financing

    SBA Loan Rates Near All Time Low

    No Down Payment Commercial Property Financing

    I am extremely pleased with the loan you helped me obtain. Your service, rates, terms and professionalism impressed me.

    SBA 504 Loan Rate – 4.56% Effective Rate*

    Construction loan rates

    The 504 loan rate (effective rate) for 20 year commercial real estate loans is 4.56%* The effective rate is inclusive of all servicing fees. (Some lenders do not advertise the all inclusive rate, so you may see the rate advertised slightly lower in some areas of the country).

    The 504 program consists of 2 loans:

    1. first mortgage for approx 50% of the project cost

    Low 25 Year Fixed Rates for Multi-Purpose Properties

    The 25 year fixed rate option for multi-purpose properties (office, warehouse, light industrial, wholesalers, manufacturing, retail, medical office, dental office, R D, etc). is offered at a very low rate. To be eligible for this particular program the property needs to be of the type that could be used by many different types of businesses.

    Most 504 first mortgage rates and terms will vary depending on the type and size of the loan. Rates for this program have been trending up since the presidential election in November of 2016 and are in the 5% to 5.75% range currently. (Other options are available for single purpose properties – see below).

    SBA 7a Loan Rates

    The 25 year fixed rate is very competitive and never adjusts. These loans are available if the majority of the loan proceeds are used for commercial real estate. The underwriting can be a little tougher than for a variable rate, but this is a phenomenal opportunity to lock in great low rates for the long term if you qualify.

    Variable rates are typically Prime + a margin not to exceed 2.75%, The margin is set by the lender based on their cost of funds and the quality of the loan. Most lenders will offer something between Prime + 1.25% and Prime + 2.75%. 7a loans can also be based on the one month LIBOR rate.

    Please contact us at 1-800-414-5285 for more information about the possibility of a fixed rate

    10 Year Loans for Business Acquisitions

    The SBA 7a (aka SBA Advantage Loan) is also a great solution for business acquisitions as well as refinancing of business debt or partner buyouts and the rates can be fixed or variable for up to 10 years.

    504 Loan Rates

    First Mortgage Rates: Currently range from low 4% range to as much as 6.5% depending on loan size, term, property type and strength of transaction and are typically amortized for 20 to 25 years and in some cases as long as 30 years.

    The 5 year fixed rate with a 25 year amortization is a popular product. After the initial 5 years the loan could adjust as frequently as monthly or as infrequently as every 5 years depending on the lender.

    October 2017 504 Mortgage Rate: 4.56%* – fixed for 20 years.

    The combination of the 2 loans and the fact that the second mortgage is always permanently fixed make for very attractive 504 loan terms.

    SBA 504 Equipment Loans are typically 10 years and can be anywhere from .25 to 1.5% lower than commercial real estate transactions.

    SBA 504 Refinance Rates may be slightly higher and multi-purpose property rates are typically lower than single or special use properties like hotels or self storage properties.

    Construction loan rates

    More About The Fixed Rate Option for 504 First Mortgage

    The low rate SBA 25 year fixed rate first mortgage option is available for strong borrowers (strong cash flow, very good credit and credit scores, etc.) financing multi-use properties under the 504 (Grow Loan) program. The loan is fixed for the entire term of the 25 year first mortgage.

    The rates for this program are very competitive and when combined with the low rate second mortgage it makes for very attractive fully fixed long term rates. (The rate for the first mortgage will vary depending on loan size, prepayment penalty, etc).

    Again, this program is a true fixed rate that will never adjust, so while the rate may be higher than the 1. 3 or 5 year fixed and other options, this loan is the better choice if you intend to own your property for the long haul.

    Please contact us for more information about this program: 1-800-414-5285

    504 Loan Payment Example

    Here is an example of loan amounts and payments for a $1.5 million transaction with 10% down and a 1st mortgage rate of 5%:

    Down Payment/Equity Injection: $150,000

    The payments would be as follows:

    Construction loan rates

    Please contact us at 1-800-414-5285 to find out how the SBA 504 or 7a could help your business.

    Please note: the SBA does not make loans directly and interest rates are set by the lenders who make the loans.

    * Rate includes fees to SBA, CDC and central servicing agent. (Rates change monthly).



    Consumer Loan Rates, construction loan rates.#Construction #loan #rates


    Consumer Loan Rates

    Vehicle Loans

    Credit Cards and Unsecured Loans

    (1) Interest rate is dependent upon the credit qualifications of the borrower(s).

    (2) A balloon payment for the balance owed is due 180 months from the loan date.

    Loan Payment Example:

    A new auto loan of $25,000 for five years at 3.35% APR will have a monthly payment of $453.12.

    Apply for a loan

    Consumer rates

    Loan payment estimate

    Disclaimer

    The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The default values shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.

    Connect with us!

    Need to reach us? Give us a call!

    Member Service Center is open 24/7

    907-563-4567 or 800-525-9094

    Alaska USA and UltraBranch are registered trademarks of Alaska USA Federal Credit Union.

    Mortgage loans are provided by Alaska USA Federal Credit Union in Arizona. Mortgage loans are provided by Alaska USA Mortgage Company, LLC in Alaska, Washington and California. License #AK157293; Washington Consumer Loan Company License #CL-157293; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License #4131067.

    Insurance services offered through Alaska USA Insurance Brokers, LLC. Insurance products are provided by various carriers and are obligations of the issuing insurance company. They are not obligations of or deposits to Alaska USA Insurance Brokers, Alaska USA Federal Credit Union, or its subsidiaries, and are not insured by the National Credit Union Administration. Some products are not available in all states.

    • Construction loan rates

    Federally insured by NCUA

  • Construction loan rates
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    Construction loan rates Pay by logging in

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    Alaska USA Federal Credit Union is not responsible for the product, service, or website content on any external third-party sites and does not represent either you or the website operator if you enter into a transaction. Alaska USA Federal Credit Union’s privacy and security policies do not apply to the linked site.



    Home Construction Loans #online #loans #for #bad #credit


    #home construction loans
    #

    3 Construction loans available through Lending Universe include:

    • CONSTRUCTION LOANS are not easy to procure as traditional mortgages. The terms, rates and fees may differ widely. A Construction Loan is generally a short-term and interest only loan. Such a HOME CONSTRUCTION LOAN is usually replaced by a regular mortgage on completion of construction.
    • NEW HOME CONSTRUCTION LOANS

    The greatest advantage with this type of Construction Loan is that application and processing fees are reduced.

  • CONSTRUCTION-TO-PERMANENT LOANS
    In this case, the lender automatically modifies the Construction Loan into a mortgage after construction is complete. The borrower deals with just one lender, fills out one loan application, and pays only one set of closing costs. But the borrower also agrees to the mortgage rate and terms before construction is complete. There’s no chance to shop around for a new lender after the house is finished.
  • COMMERCIAL CONSTRUCTION LOANS
    A loan given to a business for the purpose of constructing a building or improving existing real estate already owned by the company. Commercial Construction Loans are very large and long term loans that are difficult to obtain. In just minutes, we can provide you with a matched list of funding sources.
  • CONSTRUCTION LAND LOANS
    A Construction Loan finances the land, land improvements (such as clearing, grading, utilities, driveway, etc.), actual construction costs, finishes in the home (such as carpeting, appliances, etc.), architects and engineer’s fees, permit fees, interest payments on the Construction Loan while the home is under construction (so you don’t have to make payments on your present home plus the home under construction if you do not wish to) and closing costs on the transaction.
  • BUSINESS CONSTRUCTION LOANS
    Construction Loans for a business are a little harder to obtain than RESIDENTIAL CONSTRUCTION LOANS. Certain banks prefer specific types of property for lending money, and the terms for Construction Loans are generally much shorter than with a mortgage.In addition, BUSINESS CONSTRUCTION LOANS take much more into consideration than just credit history – factors such as the industry of your company, how profitable it is, how long you’ve owned the company, and your experience with business or entrepreneurship will be some of the deciding factors as well. On the other hand You can find Private Investor for your Construction Loan who will have much easier terms for your loan request.
  • BAD CREDIT HOME CONSTRUCTION LOANS are specifically designed loans for people whose credit history has been damaged. These loans allow people with poor financial backgrounds the opportunity to build a dream house.
  • CONSTRUCTION HARD MONEY LOANS
    Creative lending solutions are needed for borrower’s who have low credit scores, low income, no cash flow or are in need of a quick closing! Hard Money Loan can finance single family residence – RESIDENTIAL CONSTRUCTION LOAN, unimproved & improved property of all types – HARD MONEY CONSTRUCTION LOANS including land purchases, developer lots or raw land.
  • OWNER BUILDER CONSTRUCTION LOANS
    Here at Lending Universe we offer Construction Loans for the owner builder. This programs programs include, conventional, kit or log home construction financing, and allow you to self build your home, it gives you the easiest, most flexible Construction Loan available that will help you save money as you build your new home. Whether you are building a home for you, for investment, or for rental or resale our Construction Loan program is designed to make your building project easier.
  • VA CONSTRUCTION LOANS
    Since VA loans require no down payment and have a high loan to value, banks or lending institutions are not willing to approve interim home Construction Loans directly to veterans. At Lending Universe, we have created an effective way for veteran homebuyers to be able to construct their dream house.
  • FHA CONSTRUCTION LOANS

    If you have construction or remodeling in mind then consider a FHA Construction Loan. FHA loans can be used for construction financing, refinancing, modernization, remodeling, equipment, expansion, etc.

  • Any credit, any income.

    Our lenders accept requests for many loans of other property types



    Construction Loans #log #book #loan


    #home loans interest rates
    #

    Building a New Home

    Many people dream about building a new home to their exact specifications. If you’ve been thinking about building a new home, it could be one of the most exciting and rewarding projects you’ll ever undertake. If you’re currently a homeowner, an alternative to a construction loan is to use the equity in your home to finance building a house. We offer a number of construction loans designed to help you finance the building of your new home. For information on construction loans, including the benefits of closing before construction begins, talk with a mortgage loan originator.

    Find a Builder

    Once you settle on using your home equity or getting a home construction loan to build a new home, there are several ways to find a quality home builder in your area:

    • Contact your local chapter of the National Association of Home Builders .
    • Get referrals from friends, family and from real estate agents who specialize in new home construction.

    Check Credentials Before Hiring

    Hiring a builder is like hiring any other type of professional – you may want to work with someone who is highly qualified. Consider the following when interviewing builders for your project:

    • Proven experience in building the type of residence you want.
    • Meets state licensure and insurance requirements.
    • A solid reputation in the community, including a good rating with the Better Business Bureau and excellent references from past clients, suppliers and local banks.
    • Recipient of industry awards and involvement in professional associations.
    • A permanent business address.
    • Contact the state or county to verify there is no history of legal proceedings against the company and that no legal proceedings are pending.


    Construction Loan Calculator Canada #mortgage #rates


    #construction loan calculator
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    The Fsa has arranged the timeline of 12 initial to the financial institutions that Construction loan Construction loan calculator canada calculator canada may supply these new rules.

    This method is confirmed by loan merchants after which you can get a straightforward mortgage every time he needs.

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    Our request process is easy, harmless and Construction loan calculator canada hassle-free and saves your some time. These money Construction loan calculator canada is available in the two guaranteed and unprotected variety with speedy acceptance.

    These investigations are quite a lot useful if your people pay the attained sum and downpayment it in their current banking accounts.

    As well Construction loan calculator canada as these, additionally you can avoid the irritation of proof and consumer credit examining method just before authorization. You ll be bale to get finances for labour, acreage, fresh materials, gadgets and so on. The help of lending options for those on added Construction loan calculator canada benefits could be available to you inside secured and also unguaranteed form.



    Land Lot Loans: Residential Construction – Delta Community Credit Union #student #loans #for #college


    #land loan
    #

    Land Lot Loan

    Secure the Perfect Spot for Your Dream Home

    Found the perfect land to build your dream home? Whether you plan to build your home right away or a few years from now, Delta Community Credit Union is here to help you get started. Delta Community s Land Lot Loan is a loan that can be used to finance the purchase of land or a lot property for your new home.

    What is a Land Lot Loan?

    A Delta Community Credit Union Land Lot Loan is a loan that is used to finance the purchase of a lot not exceeding 10 contiguous acres.

    You may also find Land Lot Loans (Land Loans and Lot Loans) to be known by many other names such as land purchase loan, raw land loans, residential lot loans, land mortgage loan, vacant land loan and land and construction loans to name a few.

    No matter the name, these loans are used to finance the purchase of land in order to build a home.

    Benefits of a Land Lot Loan from Delta Community

    • Competitively priced land lot loan rates
    • 5 and 10 year terms
    • Repayment options to fit your budget
    • Build primary residence or vacation/seasonal home
    • No origination fee

    Home Loan Solution

    Once the construction of your new home is complete we can even help you refinance your residential lot loan to a new fixed rate mortgage .



    203K Loan: FHA 203K Mortgage Loans For Home Construction #boat #loans #calculator


    #fha loan rate
    #

    Click To See Today’s Rates

    Posted April 1, 2015

    As Seen On

    203K Loan: FHA Construction Loan Mortgage Programs (Section 203 Standard, Streamlined)

    FHA Fixer-Upper Loan

    Planning to buy a fixer-upper, or make improvements to your existing home? The FHA 203k loan may be your perfect home improvement loan.

    In combining your construction loan and your mortgage into a single home loan, the 203k loan program limits your loan closing costs and simplifies the home renovation process.

    FHA 203k mortgages are available in all 50 states in loan amounts of up to $625,500.

    About FHA Mortgages

    The Federal Housing Administration (FHA) is a federal agency which is more than 80 years old. It was formed as part of the National Housing Act of 1934 with the stated mission of making homes affordable.

    Prior to the FHA, home buyers were typically required to make downpayments of fifty percent or more; and were required to repay loans in full within five years of closing.

    The FHA and its loan programs changed all that.

    The agency launched a mortgage insurance program through which it would protect the nation’s lenders against “bad loans”.

    In order to receive such insurance, lenders were required to confirm that loans met FHA minimum standards which included verifications of employment; credit history reviews; and, satisfactory home appraisals.

    These minimum standards came to be known as the FHA mortgage guidelines and, for loans which met guidelines, banks were granted permission to offer loan terms which put homeownership within reach for U.S. buyers.

    Today, the FHA loan remains among the most forgiving and favorable of today’s home loan programs.

    FHA mortgages require downpayments of just 3.5 percent; make concessions for borrowers with low credit scores; and provide access to low mortgage rates.

    The FHA has insured more than 34 million mortgages since its inception.

    What Is The FHA 203k Construction Loan?

    The FHA 203k loan is the agency’s specialized home construction loan.

    Available to both buyers and  refinancing households, the 203k loan combines the traditional “home improvement” loan with a standard FHA mortgage, allowing mortgage borrowers to borrow their costs of construction.

    The 203k loan comes in two varieties.

    The first type of 203k loan is the Streamlined 203k. The Streamlined 203k loan is for less extensive projects and cost are limited to $35,000. The other 203k loan type is the “standard” 203k.

    The standard 203k loan is meant for projects requiring structural changes to home including moving walls, replacing plumbing, or anything else which may prohibit you from living in the home while construction is underway.

    There are no loan size limits with the standard 203k but there is a $5,000 loan size minimum.

    Furthermore, first-time home buyers can use the 203k in conjunction with the FHA HAWK program. which reduces upfront and annual mortgage insurance premiums for FHA-backed homeowners.

    The FHA states that there are three ways you can use the program.

    1. You can use the FHA 203k loan to purchase a home on a plot of land, then repair it
    2. You can use the FHA 203k loan to purchase a home on another plot of land, move it to a new plot of land, then repair it
    3. You can use the FHA 203k loan to refinance an existing home, then repair it

    All proceeds from the mortgage must be spent on home improvement. You may not use the 203k loan for “cash out” or any other purpose. Furthermore, the 203k mortgage may only be used on single-family homes; or homes of fewer than 4 units.

    You may use the FHA 203k to convert a building of more than four units to a home of 4 units or fewer. The program is available for homes which will be owner-occupied only.

    203k Loan Eligibility Standards

    The 203k loan is an FHA-backed home loan, and follows the eligibility standards of a standard FHA mortgage.

    For example, borrowers are expected to document their annual income via federal tax returns and to show a debt-to-income ratio within program limits. Borrowers must also be U.S. citizens or legal residents of the United States.

    And, while there is no specific credit score required in order to qualify for the 203k rehab loan, most mortgage lenders will enforce a minimum 580 FICO.

    Like all FHA loans, the minimum downpayment requirement on a 203k rehab loan is 3.5 percent and FHA 203k homeowners can borrow up to their local FHA loan size limit, which reaches $625,500 in higher-cost areas including Los Angeles, California; New York City, New York; and, San Francisco.

    Furthermore, 203k loans are available as fixed-rate or adjustable-rate loans; and loan sizes may exceed a home’s after-improvement value by as much as 10%.

    The 203k construction loan can be used in conjunction with other FHA programs including the Good Neighbor Next Door (GNND) program which allows $100 down on a home; the Back to Work program for borrowers with a recent bankruptcy, short sale or foreclosure; and the FHA’s Energy Efficiency Mortgage program.

    What Repairs Does The 203k Loan Allow?

    The FHA is broad with the types of repairs permitted with a 203k loan. However, depending on the nature of the repairs, borrowers may be required to use the “standard” 203k home loan as compared to the simpler, faster Streamlined 203k.

    The FHA lists several repair types which require the standard 203k:

    • Relocation of loan-bearing walls
    • Adding new rooms to a home
    • Landscaping of a property
    • Repairing structural damage to a home
    • Total repairs exceeding $35,000

    For most other home improvement projects, borrowers should look to the FHA Streamlined 203k. The FHA Streamlined 203k requires less paperwork as compared to a standard 203k and can be a simpler loan to manage.

    A partial list of projects well-suited for the Streamlined 203k program include :

    • HVAC repair or replacement
    • Roof repair or replacement
    • Home accessibility improvements for disabled persons
    • Minor remodeling, which does not require structural repair
    • Basement finishing, which does not require structural repair
    • Exterior patio or porch addition, repair or replacement

    Borrowers can also use the Streamlined 203k loan for window and siding replacement; interior and exterior painting; and, home weatherization.

    Get Today’s FHA 203k Mortgage Rates

    For today’s home buyers, the FHA 203k loan can be a terrific way to finance home construction and repairs. Plus, 203k loans are readily available from the nation’s mortgage lenders.

    Get today’s 203k mortgage rates. Rates are available online at no cost, with no social security number required to get started, and no obligation to proceed whatsoever.

    The information contained on The Mortgage Reports website is for informational purposes only and is not an advertisement for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent, or affiliates.



    Home Construction Loans Over View #payday #loans #lenders


    #home construction loans
    #

    Construction Loans

    Construction Loans Made Easy And Then, Even Easier

    Our goal is to give you as much control over your loan as feasible. Building a new home from the ground up can be a trying experience. And we won t get in the way, create needless worry or slow you down. To that end, an easy-does-it Construction Home Loan from Mountain America is one less thing you ll have to worry about. Additionally, Mountain America Credit Union s one-time or two-step loans offer you the flexibility to get exactly what you want; Mountain America s services and service providers afford you the convenience to do it hassle-free.

    How we make a Construction Loan more convenient:

    Meet with a mortgage specialist

    One-Time Construction Loan

    Two-Step Construction Loan

    Owner-builder vs. Contractor

    Factors to Consider

    Draws

    Construction loan draws are partial disbursements of the loan to pay material suppliers and the contractor(s) during construction. This ensures funds are being used properly and construction is on track. There are a number of ways you or your contractor can receive draws from Mountain America. You may:

    • Pick them up at a branch location near you (requires two days)
    • Mail checks directly to vendors
    • Mail checks directly to contractor
    • Pick them up at our corporate headquarters

    Regulations require Mountain America to have your signature on each draw request before disbursment of any funds will be made. We advise you to have your contractor sign this form also, but it is not mandatory.

    Loan Closing Made Easy

    In addition to managing your closing documents from home, you can enjoy that convenience throughout the entire loan process.

    • Apply Online No need to call or come into the branch to start your mortgage. One click can put you on the path to homeownership.
    • Upload Documents Now you can save a trip to the branch by uploading all of your key mortgage application documents, including paystubs and tax information, from your computer.
    • Green and Secure At the end of a traditional loan process, you typically leave with a huge stack of paperwork. With Quick Close, only a handful of documents are printed. The rest are securely stored on a flash drive that you can take with you.
    • One Signature Review the documents from home and then provide a digital signature at the title office. It s applied to the mortgage, and you re on your way in no time.

    Take advantage of a mortgage process that is quick, convenient, simple and secure.



    Home Construction Loans #no #credit #check #loans


    #home construction loans
    #

    Home Construction Loans

    Home Construction Loans.com takes your dream of building or remodeling your home and makes it a reality by bringing together the best possible construction financing, expert consulting and support.

    From Design and Builder selection to the most robust financing options found within our Network of Lenders; we are here to help build your dreams into reality!

    Knowing what financing you can qualify for and then securing just the right Home Construction Loan will help you afford more of the great finishes and furnishings that make it your Dream Home.

    As our Team empowers you to select the right financing for your project, breaking ground is just the first step. Our industry experts will stay by your side until you put the key in the door for the first time.

    Home Construction Loans.com takes your dream of building or remodeling your home and makes it a reality by bringing together the best possible construction financing, expert consulting and support.

    Financing Vacant Land and Home Construction

    Whether it is Vacant Land that you wish to take off the market, or obtaining that Construction Loan to finally get your dream home up and built; our team can empower you throughout the entire process. We are here to make Land Acquisition or Home Construction Lending, quick and easy for you and your family!

    Process Overview The Loan Process

    Architects, Builders, Plans, Permits, and now getting your financing in place; these can all be overwhelming to say the least. At HCL, we have the experience to help you navigate these waters, and show you how to do it with success!

    Meet the Partners Ty Kirkpatrick and David Sutherland



    Construction Loans #express #loans


    #home loans interest rates
    #

    Building a New Home

    Many people dream about building a new home to their exact specifications. If you’ve been thinking about building a new home, it could be one of the most exciting and rewarding projects you’ll ever undertake. If you’re currently a homeowner, an alternative to a construction loan is to use the equity in your home to finance building a house. We offer a number of construction loans designed to help you finance the building of your new home. For information on construction loans, including the benefits of closing before construction begins, talk with a mortgage loan originator.

    Find a Builder

    Once you settle on using your home equity or getting a home construction loan to build a new home, there are several ways to find a quality home builder in your area:

    • Contact your local chapter of the National Association of Home Builders .
    • Get referrals from friends, family and from real estate agents who specialize in new home construction.

    Check Credentials Before Hiring

    Hiring a builder is like hiring any other type of professional – you may want to work with someone who is highly qualified. Consider the following when interviewing builders for your project:

    • Proven experience in building the type of residence you want.
    • Meets state licensure and insurance requirements.
    • A solid reputation in the community, including a good rating with the Better Business Bureau and excellent references from past clients, suppliers and local banks.
    • Recipient of industry awards and involvement in professional associations.
    • A permanent business address.
    • Contact the state or county to verify there is no history of legal proceedings against the company and that no legal proceedings are pending.


    Construction, Arborist, Dirt, Crane Equipment Dealer New Jersey, Delaware, Pennsylvania – Modern Equipment & Supply #bucks #county, #delaware #county, #montgomery #county, #berks #county, #burlington #county, #philadelphia, #modern #group, #material #handling, #philadelphia, #construction #equipment, #new #york, #delaware, #service, #industrial #equipment, #annual #machine #inspections, #osha, #maintenance, #fleet, #oem #parts, #parts, #earth #moving, #new #holland, #terex, #aerial #work #platforms, #genie, #biljax, #jlg, #haulotte, #snorkel, #cranes, #elliot, #palfinger, #auto #crane, #snooper, #rough #terrain #forklifts, #lull, #skytrak, #concrete, #husqvarna, #stone, #bmi, #ez #grout, #multi #quip, #stihl, #oztech, #compaction, #bomag, #honda, #mmd, #allmand, #chippers, #grinders, #bandit, #general #construction, #apt, #dewalt, #karcher, #loaders, #backhoes, #skid #steer, #excavators, #wheel #loaders, #boom #lifts, #scissor #lifts, #bucket #trucks, #industrial #cranes, #telehandlers, #telescopic #handlers, #air #compressors, #branch #chippers, #stump #grinders, #chain #saws, #towable #generators, #altec, #arborist, #bandit #chipper, #downed #trees, #dirt, #construction, #landscaping, #tree #trimming #business


    #

    Modern Equipment & Supply covers Pennsylvania, New Jersey, New York and Delaware with industry leading service and equipment offerings.

    Our technicians provide full service options for equipment large and small with 24/7 emergency road service available to keep your operation running. We can handle repairs from planned maintenance, AMI inspection, and emergency repairs for all equipment classes we sell, no matter their make and model.

    We are the exclusive Hyundai Construction Equipment dealer in New Jersey and Eastern Pennsylvania and carry their full line of Excavators and Wheel Loaders. We are the #1 volume Bandit dealer �in America with an impressive inventory of hand-fed chippers and stump grinders for all applications. We carry loaders and mini-excavators from Mustang along with the exclusive Avant �dealer in the state of New Jersey. We also carry telehandlers and rough terrain forklifts from JLG along with boom and bucket trucks �from Elliott, Altec and Terex.

    Modern Equipment & Supply purchases used equipment �from customers.�Chippers, stump grinders, bucket trucks, loaders, aerial work platforms, and more. Interested in selling your equipment outright or as part of a trade-in? Contact Ron Dortone Jr.

    In addition we have all of your parts, supplies and gear needs covered. Our Central Parts �team can source parts for all your equipment, even discontinued makes and models, and ship them nationwide. We carry safety and climbing gear for arborists and specialized attachments for your equipment to maximize your effort on the job site. We even carry an impressive lineup of Midsota trailers to get your equipment to your job.

    From dirt, aerial, construction and arborist work count on Modern Equipment & Supply.

    Need Service? Call Tony or Ryan.

    Our service reps will coordinate all aspects of your equipment’s service needs. From evaluating needed repairs, proactively scheduling service, and coordinating pickup and delivery: Tony and Ryan are your resource.

    Tony Haskoor
    Southeastern PA
    609-784-3572
    HaskoorT [at] moderngroup.com

    Ryan Smith
    Lehigh Valley and Northeastern PA
    732-489-4710
    SmithR2 [at] moderngroup.com

    Hyundai Construction Equipment

    Modern Equipment Supply is proud to be the exclusive Hyundai Construction Equipment Dealer for New Jersey and Eastern Pennsylvania. We carry the full range of heavy construction products from wheel loaders and excavators to high capacity mini-excavators. Hyundai represents the state of the art construction solution combining unparalleled standard features, remarkably low cost of ownership, world renowned build quality, and efficient serviceability

    Hyundai’s 9A series cabins offers lots of amenities, additional space and a comfortable seat to minimize stress of the operator. A powerful climate control system provides the operator with optimum air temperature. An advanced audio system with AM/FM stereo with MP3 interface and USB input, plus remotely located controls is perfect for listening to music favorites. The advanced new LCD touch screen monitors allows the operator to easily and efficiently control the machine. The operator can adjust boom kick-out and bucket position via overhead switches while monitoring the adjustment settings through the monitor. An integrated load weighing system that contributes to improved work efficiency, can also be viewed through the monitor. Self-diagnostics, color rear-view camera maintenance check lists and start-up machine security, were integrated into the monitor to make the machine more versatile and the operator more productive. The new monitor display unit is mounted on an adjustable swivel to reduce glare and position according to operator preference. Also, newly designed multimedia menu provides music video player function for an enjoyable work.

    Hi-mate (Remote Management System)

    Hi-mate, Hyundai’s proprietary remote management system, provides operators and dealer service personnel access to vital service and diagnostic information on the machine from any computer with internet access. Users can pinpoint machine location using digital mapping and set machine work boundaries, reducing the need for multiple service calls. Hi-mate saves time and money for the owner and dealer by promoting preventative maintenance and reducing machine downtime.

    Your Hyundai Sales Experts:

    Lehigh Valley and Northeastern Pennsylvania

    Central Pennsylvania, Philadelphia Area

    Modern Equipment Supply is a proud member of Pennsylvania’s COSTARS . COSTARS is the Commonwealth of Pennsylvania’s cooperative purchasing program administered by the Department of General Services (DGS) Bureau of Procurement. The COSTARS Program provides registered local public procurement units as well as state affiliated entities (together members ) and suppliers a tool to find and do business with each other effectively through the use of a contract established by DGS.

    Hyundai Loaders and Excavators can be purchased directly from Modern using the COSTARS program.

    Bandit Chippers and Stump Grinders

    We are Eastern Pennsylvania, New Jersey, and Northern Delaware’s source for new and used Wood Chippers and Stump Grinders from Bandit Industries. Our dedicated team is here to serve the tree care and arborist communities with Sales, Service, and Parts for your chippers and stump grinders.

    • Over $1 Million of Inventory in Stock
    • Factory Trained Shop and Mobile Technicians
    • 8 Dedicated Parts Specialists
    • Creative Financing Plans

    Call our team at 800-8-MODERN or visit our branches in Bristol, PA (Bucks County), Denville, NJ (Morris County), Edison, NJ ( Middlesex County), and Hasbrouck Heights, NJ (Bergen County) to browse our extensive inventory of disc and drum chippers to hand operated and self-propelled stump grinders. Tour our supply and repair shop where your machine will be serviced and all the arborist accessories we have in stock to keep you rolling for your customers. We also buy used chippers and stump grinders.

    Call or Text Ron Dortone Jr:

    Modern Equipment Supply is the Mustang Equipment dealer for New Jersey and Eastern Pennsylvania. One of the broadest compact equipment lines available on the market today, all Mustang products are proudly American made. These machines cover a wide assortment of application types and includes the largest capacity true vertical lift skid steer loader currently being manufactured.

    See for yourself why Mustang changes the game with unsurpassed reliability and low cost of ownership. Schedule a meeting with your Modern representative today and arrange a demo at your next job site.

    Your Mustang Sales Experts:

    Telehandlers and Rough Terrain Forklifts

    Comfort. Confidence. Serviceability. We wouldn’t expect you to settle for anything less with JLG telehandlers. The redesigned cab features an intuitive single joystick and an integrated arm rest so you can work in greater comfort. While the rear axle stabilization system and optional reversing camera allow for more confidence when placing loads. Tier 4 Final engines are fuel-efficient with less environmental impact. And engine parts and other serviceable components are more easily accessible so you can spend more time on the job and less time on routine maintenance.

    Truck Mounted Crane and Bucket Truck Sales

    Modern Equipment Supply is your sales and service center for truck mounted boom and bucket equipment from Altec, Terex, Elliot, and other leading manufactures. We stock equipment across a wide range of sizes, application types, and budgets at our branches in Pennsylvania and New Jersey with equipment on or available for factory order. Our equipment is available for nationwide delivery. We buy used cranes and bucket trucks as well as taking trade-ins.

    Call or Text Sam Maury:

    Aerial Work Platforms

    Modern carries warehouse and off-road aerial work platforms from Genie, JLG and Niftylift.

    Sullivan-Palatek Inc. a leader in innovation and design, offers the industry’s widest range of electric and portable rotary screw air compressors.

    Modern Equipment Supply is proud to offer one of the widest selection of truck trailers anywhere as a dealer for Midsota Manufacturing across New Jersey, Eastern Pennsylvania, and Delaware. Midsota is a national leader in designing and constructing the highest quality trailers in the market. Perfect for equipment hauling, construction, landscaping, and a wide assortment of contractor applications. We can even package trailer deals with equipment sales for added capability and savings to your company. Large to small, we can help you haul it all.

    Contact Your Modern Sales Representative



    Roof Windows – Types of roof Windows #roof #construction #types, #roof #windows #top #hung #and #pivot #window #preselect #centre #pivot #with #increased #resistance #to #moisture #centre #pivot #windows #z-wave #controled #highly #energy #efficient #windows #centre #pivot #windows #with #increased #resistance #to #burglary #secure #arc #windows #high #pivot #panoramiczne #balcony #window #l- #shape #combination #window #for #combinations #top #windows #non-standard


    #

    Roof windows

    Types of roof windows

    Roof windows must provide not only ease of use but style, functional efficiency and security. Design considerations should ensure windows are efficient in terms of the provision of natural daylight and fresh air without unnecessary heat loss. By introducing innovative features to meet these demands FAKRO Roof windows have become the industry standard.

    Features such as an automatic air inlet that provides the optimum level of fresh air and the pioneering topSafe system which greatly increases the standard of burglary resistance have revolutionised the market and brought the future into the present day, while the use of environmentally sustainable technologies has enabled FAKRO to create some of the most thermally efficient roof windows on the market.

    FAKRO manufacture a wide range of products that transform attics into comfortable living spaces. Our comprehensive range of roof window designs includes centre pivot windows, top hung windows, L-shaped windows, access roof lights and skylights. These are complemented with window accessories such as venetian blinds, external and internal roller blinds, external awning blinds, Z Wave remote control systems and smoke ventilation systems.

    Top hung and pivot window preSelect


  • Centre pivot


  • With increased resistance to moisture


  • Centre pivot windows Z-WAVE controlled


  • Highly energy efficient windows


  • Centre pivot windows with increased resistance to burglary Secure


  • Arc windows


  • High pivot


  • Panoramic


  • Balcony window


  • L- shape combination window


  • For combinations


  • Top windows



  • Home renovations, construction, general contractor, construction project management, kitchen renovations, bathroom renovations, bathroom remodelling, basement suite finishing, legalize basement suite, drywall contractors, kitchen and bath design, abbotsford, aldergrove, burnaby, coquitlam, langley, maple ridge, pitt meadows, surrey, white rock #home #renovations, #construction, #general #contractor, #construction #project #management, #kitchen #renovations, #bathroom #renovations, #bathroom #remodelling, #basement #suite #finishing, #legalize #basement #suite, #drywall #contractors, #kitchen #and #bath #design, #abbotsford, #aldergrove, #burnaby, #coquitlam, #langley, #maple #ridge, #pitt #meadows, #surrey, #white #rock


    #

    Interior Exterior Home Renovation Services Throughout the Lower Mainland

    BREMAR is proud to provide the Lower Mainland and Greater Vancouver area with complete Interior and Exterior home renovation services .

    We create lasting relationships with our clients by providing a high standard of materials and workmanship, while keeping the entire project stress and worry free by delivering exactly what we have promised .

    ABOUT BREMAR
    BREMAR is a family owned company with over 16 years experience in the home renovation industry. Brett Williams. more

    • We can assist in bringing your kitchen renovation ideas to life. A well designed kitchen will provide both function and style.
    • Designing a bathroom for day to day convenience as well as incorporating a feel good environment is what we strive to accomplish.
    • Exterior renovations can improve your Homes curb appeal and also address your lifestyle needs.
    • Renovations to the Interior may be required to improve function or simply to update your living area from drab to fab.
    • A transitional glimpse at what was.

    100% Satisfaction Guarantee

    In addition to our long-standing Better Business Bureau A+ contractor rating. BREMAR Renovations offers a 100% Satisfaction Guarantee. See below and visit our Testimonials section to read what some of our clients say.

    Blair Megan

    We needed our kitchen sink replaced. 20 minutes after calling Brett, he was at our house, providing advice and recommendations. He promptly set up a time for his crew to complete the job, and also recommended an additional job to address concerns we had about our plumbing system. Both jobs were completed on time and [ ]
    more

    Robert Scaglione

    I just wanted to write to say Thank you to Brett and his team for a job well done. At a time where I felt my project should have been on TV, with, late workers, over billings, bad workmanship, unkempt promises I was happy to deal with a company and a team that put their [ ]
    more

    Randy Ruth Kamp

    We put our house up for sale and bought a smaller, older rancher that needed a lot of modernizing inside. While talking to Brett one day he let us know that he would be willing to take a look at the job and give us an estimate. We had 6 weeks to have the entire [ ]
    more

    Len and Jodi De Julius

    10 months after we purchased our home we were having a family get together during a terrible storm when our children informed us that there was a leak in our den. We quickly discovered that it was something beyond what we would be able to fix on our own. Bremar came highly recommended from our [ ]
    more

    Michael Sandra Paulmann

    We had this old storeroom – semi finished, open ducts and wiring, concrete floor, small window. The kind of room you didn’t go into unless you had to, just a place for tools and boxes. Brett and his team transformed it for us. They listened to our ideas, worked around the limitations of the room s [ ]
    more

    Hal Yurick

    Dear Brett: I want to take this opportunity to express my appreciation for the excellent work you and your company performed to bring the renovation of our condominium to a superior conclusion. Your skills and knowledge helped us through the maze of possibilities that could have created extensive delays and expense. Your understanding of the [ ]
    more

    Rowan Smith

    I purchased an older home last year, and the initial inspection showed us that our 2nd storey deck was going to require rebuilding on the front of the house. When our deck installer opened it up, there was dry rot, wet rot, ants, and structural problems that we had no idea existed. He introduced me [ ]
    more

    Shelley Zimmaro

    When we purchased our new home in 2008, we realized we needed a shed for storage. We contacted Brett Williams from Bremar Renovations, for a free estimate. We were happy with his quote, and so he proceeded to build us a beautiful shed that mirrors the look of the entrance to our house. We were [ ]
    more

    John Kim

    We found Brett and Bremar Renovations through The Better Business Bureau. Brett arrived at the prearranged time and provided us a quote that was affordable and answered all our questions. We had never undertaken a bathroom renovation project before and were very concerned that we would make a poor choice in contractor so we took [ ]
    more

    Anne MacDonald

    I have a brand new house! A few months ago, I contacted a contractor that had done some work for my neighbor. I was fed up with my dark entrance (‘70 s wood paneling) and beat up front door. Brett came, made some suggestions, showed me some samples, and went to work. The carpet up the [ ]
    more

    Quality Home Renovations Throughout the Greater Vancouver Area

    BREMAR Renovations has grown steadily over the past decade due to our excellence in customer service as well as providing a finished product that speaks for itself.

    Customer satisfaction is no accident! We are proud to announce that 95% of our business comes from referrals and previous loyal customers. We understand that your home is a significant investment and we keep this in mind when making specific home improvements to maximize the value of your home.

    By choosing BREMAR for your next kitchen, bathroom, or other Interior / Exterior renovation project we firmly believe that you will have no hesitation about referring us to your friends and family for their next project.

    Over the past 16 years BREMAR has completed dozens of projects throughout the Lower Mainland, including Pitt Meadows, Surrey, Maple Ridge, Burnaby, Abbotsford, Coquitlam, White Rock, and Chilliwack. View our Project Map for some of the Greater Vancouver areas we ve worked in.

    BREMAR is Work Safe BC compliant, fully Licensed, Insured and proud to be an accredited member of the BBB .

    Thank you for viewing our website. Please contact us for a quote on your home renovation project.

    100% Satisfaction Guarantee

    In addition to our long-standing Better Business Bureau A+ contractor rating. BREMAR Renovations offers a 100% Satisfaction Guarantee.

    BREMAR is Work Safe BC compliant and fully licensed / insured.

    Complete Interior Exterior Renovation Solutions

    Bremar Renovations (Bremar.ca) All rights reserved



    Church Loans, Church Financing and New Church Construction – Church Financing #private #school #loans


    #church loans
    #

    Church Financing Center

    Your search for a Church Loan has brought you to the Church Loan Specialists. Unlike most lenders, we specialize in Church Loans so we understand the unique financial circumstances and requirements for people seeking a church loan.

    Our expertise in Church Loans allows us to be your advisor for the process to ensure things go smoothly and the needs of your church are always the top priority.

    ChurchFinancingCenter.com focuses 100% on church loans and serves churches looking to obtain loans for any type of building improvements or construction. We strive to find the best funding option for your church and we pride ourselves in finding the most cost-effective and flexible church financing options for our clients. No matter how far along you are in the process, we can help.

    You can learn more about your options by contacting a church loan specialist today.

    Prequalify

    There is no fee to obtain more information about church financing. We service loans as small as $150,000 on up to $10 million.

    Construction

    Building a new church? Financing a new church construction project can be a daunting task. Let us help walk you through the process to ensure it goes as smooth as possible. Connect with a specialist now.

    Remodel or Refinance

    We can help you Refinance your existing building into a new mortgage or to taking cash out to remodel your church. We have done many loans for congregrations looking to remodel their current building.

    How We Help You

    At Church Financing Center.com, we help connect you with highly trained experts specialized to help you find a solution to your unique situation.

    There are many unique financial situations involving churches. Connecting with an expert in church lending will help you get the best loan possible. To start, use the short form below. This is the first step to get in touch with a specialist.



    Commercial Construction Loans #unsecured #personal #loans


    #construction loans
    #

    Commercial Construction Loans

    Apply to 500 Construction Lenders in Four Minutes

    Developers and Mortgage Brokers – Learn How Apartment Construction Lenders and

    Commercial Construction Lenders Underwrite

    Need an apartment construction loan or a commercial construction loan? Are you building an office building, retail center, industrial building, or any other type of income-producing property? Want to apply in just four minutes to our 500 commercial construction lenders right now? If so, please click here.

    Here is how your apartment construction loan or your commercial construction loan will be underwritten. The first test is the Profit Test. Will your finished project be worth more than it will cost to construct?

    A related test is the Loan-to-Value Ratio. After the project is completed and, say, your strip center is occupied, will the construction loan be less than, say, 75% loan-to-value.

    Some of our construction lenders are so hungry for deals that they might even allow 80% loan-to-value. But if you still need more equity, it may be possible for you to obtain a mezzanine loan.

    Apartment construction lenders and commercial construction lenders often will not trust the appraisal. Instead, they will look to the Loan-to-Cost Ratio. What percentage of the total cost is the construction lender being asked to cover?

    Historically developers were asked to cover at least 20% of the total cost of the project, usually in the form of free and clear land. After all, the coonstruction lender wants the developer to have some skin in the game.

    Modernly, however, apartment construction loans or commercial construction loans up to 90% of cost, or more, are possible. And if the developer needs even more leverage, a mezzanine loan is sometimes possible.

    Will the apartment construction lender or commercial construction lender be able to get out of the deal? If you build your strip center, will the center make enough money to qualify for a takeout loan large enough to pay off the construction loan?

    To determine if the takeout loan is large enough to pay off the apartment construction loan or the commercial construction loan, the construction lender will compute the Debt Service Coverage Ratio. The ratio must usually be larger than 1.25. In other words, the net income from the project must be 25% larger than the proposed payments.

    Finally the apartment construction lender or commercial construction lender will look to the developer’s Net-Worth-to-Loan-Size Ratio. Generally the developer’s net worth should be at least as large the loan amount.

    On C-Loans you will find at least 50 apartment construction lenders or commercial construction lenders for any size of apartment project or commercial project that you are ready to build.

    To apply now, please click here.

    Other informational articles about commercial construction loans:



    Service Management Software #service #management #software, #field #service #software, #appliance #service #software, #electrical #contractor #software, #mobile #service #management, #management #software, #field #management #software, #scheduling #software, #service #software, #scheduling #software, #field #scheduling #software, #accounting #service #software, #tech #management #software, #business #management #software, #business #management #software,business #management #tools, #business #process #management #tools, #construction #service #management #software, #hvac #service #management #software, #online #business #management, #service #call #management #software, #service #level #management #software, #service #management #software, #small #business #management #software, #smart #business #reports, #tech #support, #service #call #management #software


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    Proactive, Productive, Proven

    Service Made Easy with ProBusinessTools® Service Management Software.

    ProBusinessTools® web-based service management solution

    Many companies just like yours have already learned how to Obtain and Secure a Competitive edge by streamlining thier business Processes and Ultimately bolstering their Clients Satisfaction.

    It is all about the Service Technician. If they aren’t performing, then you aren’t performing. You’ll have the Proven Power your Service Technicians need all in one spot.

    • More than 140,000 Appointments Monthly
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    99% of our customers recommend us!

    “ProBusinessTools® changed the way we do business daily. Now we know exactly what inventory is used real time, we automated our payroll systems, and can use the reports to tell us profitability per technicians as well as tax reporting. Best move we ever made”

    “ProBusinessTools® has proven invaluable as a resource for major companies who have found us because they also use ProBusinessTools®! In other words, it is essential.”

    “As a company operating 24/7, and also being based outside of the U.S. we were concerned about the level of support we would receive, especially on a hosted platform. These concerns were short lived. The level of support offered by the complete team has been nothing short of outstanding.”

    ProBusinessTools® Mobile Application

    Service Software | Prosite Business Solutions



    How Do Construction Loans Work? #cheap #payday #loans


    #construction loan calculator
    #

    Construction Loans

    What are Construction Loans?

    Construction loans are short-term loans that enable the construction of a project to completion. Upon completion, the permanent loan or end financing will be used to pay off the interim construction loan. The term on a construction loan is short duration of 6 months to a year.

    How are Construction Loans Paid?

    Typically construction loans use a draw system of payouts instead of a one-time lump sum payout of a standard mortgage loan. A draw system means the lender will pay out the proceeds of the construction loan at specified intervals (usually monthly) after they have verified the amount of work that has been completed on the project. The lender will usually send out their own inspector or use a third-party appraiser to verify the percentage of the project completed and appropriate payout.

    The borrower pays interest only and only on the amount drawn each month. These funds are used to pay for the work performed by the subcontractors and the materials that were used.

    Types of Construction Loans

    There are different types of construction loans based on the specific purpose and the person who takes out the loan. Normally, construction loans are given to general contractors who are building homes for clients (pre-sold homes) or building a home to be sold upon completion (speculative home). On a pre-sold home the lender will loan up to 80 percent of the value or purchase price of the home.

    Speculative home loans are typically restricted to no more than 70 to 75 percent of an appraised value based on the plans and specifications provided by the builder. The big advantage for the consumer with a speculative loan is that the general contractor is responsible for all costs associated with the construction loans, including any additional interest that would be charged for construction delays.

    Construction loans may also be available to individuals who may already own their own lot and can provide evidence that they either have a general contractor or can prove they have sufficient knowledge and expertise to act as a general contractor. These loans would also be limited to 80 percent loan-to-value.

    If the lot is already owned by the borrower, its value can act as all or part of the borrower s equity. A construction-permanent loan may also be an option to the borrower. The advantage of this one-time close (instead of the two closings normally required) is one set of closing costs and potentially an easy way to lock in the interest rate for the time taken to complete the project.



    How to Calculate Construction Loan Payments #same #day #loans


    #construction loan calculator
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    How to Calculate Construction Loan Payments

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    Review your construction loan disbursement schedule. Some lenders prefer – or may mandate – simplicity (it’s less work for them). This may or may not be good for you, too. They may establish only three equal disbursements (30%) with a 10% “hold back” to be paid after a final inspection. Other lenders will allow you to set a schedule that works for you and may include five, six, or more disbursement amounts. This gives you access to funds to pay subcontractors and other charges more frequently. Understanding your disbursement schedule helps you estimate and/or calculate your coming construction loan payments.

    Learn when construction loan disbursements are posted to your outstanding balance and when payments are due during the construction period. For example, a disbursement made during the last three to five days of a given month may or may not be posted to your loan balance and require interest thereon for your next payment. The loan terms regarding disbursement posting affect your loan payment calculation.

    Divide your construction loan interest rate by 365 (or 360, if your lender uses 30-day months for calculation). The resulting number (percentage) is your “per diem” (daily) interest rate. If you have a variable interest rate per your construction loan note, always verify the current month’s rate before calculating your per diem rate.

    If there have been no new disbursements in the current month, take your outstanding balance at month’s end and multiply it by your per diem interest rate and then by the number of days in the current month (or 30 if your lender uses equal days months). An interest-only construction loan will require this payment as it shows interest due based on your loan balance and the number of days you had “use” of these funds.

    If you had a balance on day one of the month and had another disbursement during the month, calculate your construction loan payment by doing the following.

    Multiply your outstanding balance on day one by the per diem rate for the total days in the month.

    Multiply the new disbursement by the per diem rate and the number of days between disbursement date and the end of the month.

    Add the two interest charges together, and you’ve calculated the expected construction loan payment for the current month.

    After the construction period ends (usually six months), your lender should provide you with a payment schedule going forward that includes principal and interest. Some lenders will convert your construction loan to “permanent” financing – a mortgage loan. Others, will expect you to obtain a new mortgage loan with your current or another lender as quickly as possible so they can “retire” the construction loan off their books, since it was always meant to be temporary financing.



    KD Clair – Wood Framing Contractor for Condominiums, Motels, and Apartments in Edmonton, Alberta & all over Central Ontario #wood #framing, #contractor, #barrie, #ontraio, #edmonton, #alberta, #kd #clair, #condos, #motels, #construction, #company, #ontario, #saskatchewan, #building, #builder


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    Wood Timber Framing – Building Condominiums, Motels, Resorts, Apartments, Churches, Retreat Centres, Commercial Buildings More

    KD Clair is Canada’s foremost wood framing company. Established in 1980 they have completed projects in British Columbia, Alberta, Saskatchewan and Ontario.

    We service builders and developers and general contractors in Barrie, Collingwood, Owen Sound, Richmond Hill, Toronto, Aurora, Brampton, Orillia, Parry Sound, Muskoka and all over Central Ontario.

    We are able to service builders, developers, and general contractors in Edmonton, Leduc, St. Albert, Spruce Grove, Sherwood Park however, we have also completed projects in Calgary, Fort Chipewyan and North Vancouver, British Columbia.
    KD Clair are specialist in wood and timber frame construction of large condominium projects and motels, conference centres and resorts.

    We also do large wood framing jobs in remote locations with mobile crews and are able to work anywhere in Canada, Saskatchewan, Northern Ontario, Manitoba, Alberta, Ontario or Newfoundland.

    From our head office in Barrie, Ontario we are able to provide expertise and building solutions to the new construction market in a timely competitive and safe manor and with unparalleled experience in our field KD Clair is the standard by which others are measured.

    If you are a General Contractor, Owner, Developer or Architect you owe it to yourself to experience the KD Clair difference contact us to request relevant references.

    You can reach KD Clair by phone at 1 (888) 553-2524

    What others are saying about KD Clair.

    They are not only capable, but responsive, and reliable. In a marketplace with much too much mediocrity: K.D. Clair stands out far above the crowd.

    Steve Craib – Construction Manager
    B.G. SCHICKEDANZ HOMES INC.
    Vaughan, ON

    “K.D. Clair Construction Ltd’s work performance is timely, efficient and of high standard. Further, I would also thank their Team for their on-site co-operation and positive attitude.”

    Robson C. Knapp – President
    CHARTER BUILDING MANAGEMENT INC.
    Barrie, ON

    “We recently contracted with K.D. Clair Construction to rough frame the third phase or Rivergrass, an Intrawest condominium project at Blue Mountain in Ontario. I would heartily recommend this company to other general contractors.”

    Kenneth G. Pagel – President
    CROFT BUILDERS
    Shelbourne, ON

    “Your team was dependable, efficient, skilled, and they demonstrated and extremely high level of quality workmanship. It was a pleasure working with your team and we look forward to continuing this relationship on future projects.”

    Deno Godin – Project Manager
    DEVLAN CONSTRUCTION LTD.
    Guelph, ON

    “I found K.D. Clair Construction’s work to be neat, framed as per plans, and completed on time. The are careful and conscientious at all times. I would not hesitate to recommend K.D. Clair Construction Ltd. to anyone who would like a competent, professional framing company.”

    Charlie Hardy – Site Superintendent
    D.G. PRATT CONSTRUCTION LIMITED
    Barrie, ON

    “K.D. Clair Construction Ltd. has worked for Kembic Construction on Snug Harbour Restaurant in Mississauga as well as Trinity Anglican Church in Aurora. You team was very professional, efficient and skilled with excellent workmanship.”

    Bernd H Gerber – President
    KEMBIC CONSTRUCTION INC.
    Richmond Hill, ON

    K.D. Clair Construction Ltd. has been contracted to numerous jobs for Lorne Properties Inc. They have done great work and have been excellent to work with. They have provided fair and competitive pricing for their work. I would recommend K.D. Clair without hesitation.”

    Emil Pidutti – President
    LORNE PROPERTIES INC.
    Barrie, ON

    “For the past several months, Riedmann Management has employed the services of K.D. Clair Construction Ltd. in two of our major projects, with outstanding results. I can say with all honesty and integrity that the K.D. Clair personnel are of the highest quality. Over my 30 years in commercial and residential construction, I would say their carpenters are as good as any I have had work for us.”

    Roland Riedmann
    RIEDMANN MANAGEMENT
    Schomberg, ON

    “K.D. Clair Construction Ltd. worked for us framing the Orillia and Barrie Days Inn Hotel projects. Their work is very professional, demonstrating excellent workmanship that is hard to find anywhere else.”

    Don Parkes – Site Supervisor
    SIGNATURE CARLETON
    Toronto, ON

    . I found the operations of KD Clair to be very professional. I was on site every day and had a great working relationship with the company. Their crew performed this portion of construction on time and with great respect for safety. It was because of KD Clair constructing the framing we met our timelines.

    Mark Elliott – Owner/Managing Partner
    TANGLE CREEK GOLF CLUB
    Barrie, ON

    “K.D. Clair Construction Ltd. is one of the best low rise framing contractors in the country. From Dale Clair on down through the carpenters and laborers, their commitment is very professional. They organize their work well which minimizes wasted material and time. We would not hesitate to work with Dale and his men on any size wood frame project.”

    Doug Matheson, P.Eng. – Project Manager
    TIMBERLINE CONSTRUCTION GROUP WESTERN
    North Vancouver, BC

    “K.D. Clair Construction Ltd. was the framing subcontractor for the two 66 Unit apartments. Their ability to meet deadlines and deal with the complexity of our project was very professional, and without hesitation we would highly recommend K.D. Clair Construction Ltd. to future clients.”

    T. (Sid) Tjerrdsma, P. Eng – Executive Director
    TOLLENDALE VILLAGE / SIMCOE COUNTY CHRISTIAN SENIOR HOME INC.
    Barrie, ON

    “Manpower on site was knowledgeable and easy to work with. It is a pleasure to have K.D. Clair on our team, we look forward to working with them on future projects.”

    Ted Forbes – Project Manager
    W.S. MORGAN CONSTRUCTION LIMITED
    Parry Sound, ON



    New Home Construction Loans-What is a Construction Loan-How a Construction Loan Works #payday #loans #no #brokers


    #construction loans
    #

    New Home Construction Loans-What is a Construction Loan-How a Construction Loan Works

    Summary: A construction loan is used to finance construction. It is a line of credit like a credit card that is paid off by a mortgage loan upon completion of the new home.

    Note: Construction Loans have become difficult to obtain. Owner Builder Construction Loans have become even more difficult to find. In answer to many of your questions as to where to find New Home Construction Loans, read my article How to Get a Construction Loan .

    Construction to permanent financing: As the name implies, there is one closing (signing papers) for both the new home construction loan and the permanent home mortgage (end financing)

    One closing means one set of closing costs, which is the main advantage for this type of loan. Since the lender’s policies on these types of loans vary so much and change so fast, you will need to talk directly to a lender when you are ready to shop for your loan.

    A small disadvantage of this loan is that the dollar amount of both the construction loan line of credit and the permanent home mortgage (end financing) cannot be increased. If the house ends up costing more than you planned, and your loan isn’t large enough, you will end up taking out another loan and paying for a second closing anyway thus defeating the advantage of a “one-time close” construction loan.

    Note: These construction loans are not always available to owner/builders as lenders feel that an owner/builder cannot estimate costs accurately and is not a good risk. However, as I mentioned in chapter one, by using a building consultant, a site supervisor, or a contract to build from a builder (that the lender approves) a one time close construction loan most likely will be obtainable, often with 90% financing of all costs, including land, as long as the loan doesn’t exceed 90% of the appraised market value of the completed house.

    The two-time close construction loan: This type of construction loan involves two separate loans with two sets of closing costs, but offers you more flexibility. If you do decide to increase the amount of your construction loan (and if you qualify), it’s no big deal. You will pay off the construction loan with a refinance mortgage loan. Refinance mortgage loans are very competitive, and you might get a better deal by being able to “shop” for the loan that you’ll paying on for years.

    How a Construction Loan Works:

    A construction loan is like a credit card with a low interest rate and a high credit limit.

    If you were able to secure a mortgage for the construction of your new house and the lender were to give you a check for that amount before you started, both you and the lender would be in trouble. The lender, because they just loaned a large sum of money on a house that doesn’t yet exist; you, because you’d have to pay interest and principal on that loan before you even broke ground for your new house. Considering the interest expense, this could mean you would have to pay a large amount of interest each month on a nonexistent house, along with your regular monthly fixed expenses for items such as food and rent.

    Enter the construction loan. The money you need to pay for construction costs, even the land in some cases, is disbursed to you as the building progresses. You pay only interest, no principal, on the total amount lent to you for any given month during construction. For example, if the house is 20 percent complete after the first month, the lender, after a physical inspection of the progress of construction, will advance 20 percent of your total to you to pay your bills. If your total construction loan is $300,000, then you will receive 20 percent of $300,000 which is $60,000.

    The house is now 20 percent complete, you are one month along in progress, and you have paid no interest yet. And you won’t have to until next month, when you will start to pay the interest only on the money you received.

    Construction loan interest is a “cost to build” item of any new home, whether you build it or I build it for you. It’s not even part of the builder’s overhead. It’s a cost like lumber and nails. Treat it as such and plan for it, along with other financing charges, and it won’t bother you. Think of all the money you are saving by being your own general contractor.

    There is a considerable time period during construction in which the house is progressing toward completion, but you haven’t yet received bills for materials. It should take approximately six months to complete the house, and because of the billing time lag from suppliers and the loan interest being one month or more in arrears, during those six months you will have had an average of only 40 percent of the total money available disbursed to you. This is an approximate figure, obviously, as is the amount of time needed to complete your house. I’m merely pointing out that you won’t pay interest on the full amount of your mortgage until the house is complete. At that time the lender will complete the disbursement of the construction money and convert the loan to a permanent mortgage for 15 to 30 years, or you can refinance the construction loan with the “permanent” end financing (mortgage) that you were pre-approved for. Only then will you be making your full payment of principal and interest. But by then you will have moved in to your dream house. If that sounds simple, it is only because it is.



    The Average Rate on a Construction Loan #payday #loan #today


    #construction loan rates
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    The Average Rate on a Construction Loan

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    How Construction Loans Work

    Construction loans do not work like your typical loans, such as mortgages or personal loans. When you take out a construction loan, you owe only the interest on the outstanding balance while your construction project is underway. After your project is completed, you owe the outstanding balance of the loan in one single payment. For this reason, construction loans are typically taken out by real estate developers. It is anticipated that the building will be sold upon completion. When a bank approves a real estate loan, they tend to require a feasibility analysis of the project so they are certain that they will get their money back.

    Interest Rates

    The interest rates of construction loans are usually variable. That is, they will change during the time the loan is outstanding. This interest rate is usually anchored to another, standard rate. Many of them are tied to the prime rate, which is a type of benchmark reported by the Wall Street Journal. The prime rate is determined using a survey of the current lending rates in the banking industry. On top of the prime rate, there will usually be a “spread,” that is, an additional percentage. The spread may either be variable or fixed, but because the prime rate is variable, the overall interest rate on construction loans are also variable.

    Determining the Interest Rate

    A number of factors are used to determine the spread on a construction loan. A schedule of construction is drawn up and presented to the lender. Funds are disbursed in segments based on this construction schedule, and any interest is based on funds already disbursed. The spread is then determined based on the lender’s opinion on the borrower’s ability to pay. If the borrower already has some amount of collateral, then this may be used as a guarantee to obtain a lower rate. If the borrower has little collateral, or if the project is deemed to be of higher risk, then the lender may set a higher spread in order to compensate for this additional risk.

    Current Interest Rates

    As of July 2011, the current Wall Street Journal prime rate was 3.25 percent, which was the same rate one month before and one year before. Thus, the prime rate was relatively static during this time period. However, this does not include the spread, which may be a few percentage points above the prime rate. The exact spread depends on both the borrower and the financier. If the project is deemed to be higher risk, or if the borrower has little collateral, then the spread is higher. Alternatively, if the lender feels that real estate development is a relatively poor investment, it may also decide to increase this spread. Furthermore, the spread on a single loan may vary.



    Construction Accident – Personal Injury Attorney #construction #accident #attorney


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    Construction Scaffold Accidents

    Construction Accident Attorney

    Los Angeles | Buffalo | Rochester | Long Island | Manhattan

    A construction site can be an extremely hazardous work place. Construction workers are challenged to be aware of their surroundings at all times. They need to watch out for falling objects, be aware of moving hazards all while getting the job done with excellence and precision. In addition to the construction worker, the people responsible for the worker s safety have an obligation to ensure all safety measures are in place.

    We are experienced construction accident lawyers and have seen the devastation construction injury can have on an injured victim and his/her entire family. We have represented many injured construction workers and have obtained over one hundred $1,000,000 settlements.

    If you or a loved one has suffered a construction injury in California or New York call our construction accident lawyers at Cellino Barnes now at 1-800-888-8888 or contact us

    New York Labor Law

    New York State s Labor Law

    New York State has a statute that provides special legal protection to workers while working at heights. Two reasons for this are (1) the severity of the injuries that result from elevated falls, and (2) construction workers rely on the project owner, general contractor, construction/project manager, etc. to provide a safe working environment. They are primary responsibility to make sure that the elevated work location is safe.

    Ladder Scaffold Injury

    Ladder Injury and Scaffold Injury Attorney

    Lawyers Helping Scaffold Accident Victims across New York State

    According to OSHA, scaffold and ladder injuries account for approximately 41% of all fall injuries on construction sites.

    The dangers involved when working on ladders and scaffolds are far greater than those associated with other types of construction work.

    Defective Machinery

    New York Unsafe Equipment Injuries

    Rochester | Long Island | Manhattan | Buffalo

    If you are injured while using defective or unsafe equipment, you may be entitled to compensation beyond your workers compensation benefits. Most accidents involving unsafe equipment are caused by a failure to maintain the equipment in good condition. In all cases, it is the responsibility of the owner of the equipment to maintain it properly

    Additionally, at construction sites where heavy machinery and equipment is prevalent, workers are more frequently exposed to unsafe equipment and thus are at a high risk for injury.

    At Cellino and Barnes, our injury attorneys work hand-in-hand with our clients to help them receive compensation for their industrial accident injuries.

    Crane Accidents

    New York Attorneys Helping Victims Across New York State, including Buffalo, Rochester, Long Island and New York City

    Crane operators are required to have extensive training to ensure proper operation and many safety precautions need to be taken when using a crane. Operators along with the workers in surrounding areas need to be extremely careful and aware of the machinery in order to avoid causing a crane accident.

    A common crane accident occurs when a crane comes into contact with a power line, causing electrocution. This type of crane accident causes a majority of crane accident fatalities.

    Electrocution

    Electrocution Accidents | Rochester | Long Island | Manhattan | Buffalo

    Families are sometimes devastated by electrical accidents that take place in the presence of high-voltage electricity found in their neighborhoods or around construction sites. When a person is exposed to high voltage electricity, it can result in death or permanent disability.

    Power companies, construction companies and building owners are required to follow strict rules and safety standards. When these rules are not obeyed, catastrophic injuries can result.

    Falling Objects

    Rochester, New York (NY) Lawyer Helping Victims of Ceiling Collapses

    Although a construction site is a dangerous place by nature, potential accidents are difficult to predict. Falling objects at a construction site are one of these dangers. Unfortunately, even the impact of a small tool can cause severe head and brain injuries as well as wrongful death. Ceiling collapses or loose tiles are also a danger and source of potential falling objects. Falling object injuries can range from mild to disabling. In some instances, a ceiling collapse can result in death.

    Client Thanks

    I would like to thank your firm for representing our family on behalf of my late husband. This whole process was, at times, difficult for us and sometimes painful. But, we were always in good hands as Brian and Maria are two of the hardest working and sincerest people I have ever had the pleasure of meeting. They did a tremendous job.

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    Office Locations

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    600 Old Country Rd
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    Rochester, NY 14614
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    Loans for Home and Business Construction – HomeStreet Bank #loans #for #blacklisted


    #home construction loans
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    Builder Financing and Residential Construction

    Builder Financing

    HomeStreet Bank has been supporting local home builders and real estate developers since 1921. We re one of the largest and most reputable construction lenders in the Pacific Northwest and Hawaii. We have an experienced, expert staff. We provide superior service by putting our loan and market expertise close to customers, including right inside many branch offices. Our local staff members know the markets where our customers build their communities. When you need help, help is there.

    Construction Financing

    HomeStreet Bank offers construction financing for both residential and condominium for sale housing. Our loan products support both speculative and presold units, with competitive terms and loan pricing. With well over 100 years of combined industry experience, HomeStreet s Loan Officer Team is available to efficiently guide you through the application process.

    Lot Acquisition Loans

    HomeStreet Bank understands a homebuildeR s need to acquire building lots in advance of new home construction, and lot acquisition loans are often an integral part of our lending relationships. We offer competitive advance rates, loan terms and pricing.

    Land Development Financing

    The development of building lots is a necessary aspect of the building process. Homebuilders looking to develop lots for their own use can benefit from HomeStreet s land acquisition and Development financing. With competitive advance rates and loan costs, development financing can be just a phone call or email away. Simply contact your local HomeStreet representative for details.

    Custom Construction Loans

    At HomeStreet, we call our custom construction loans One-Step loans. Whether used to fund building a primary residence or a second home, a One-Step loan provides the funds necessary for construction and then converts to a long-term mortgage all in one easy loan. For additional information, including whom to contact for this special loan, visit the One-Step product information page.



    Construction Loan Pros, Cons #best #car #loans


    #construction loan rates
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    Construction loan has more cons than pros

    Dear Real Estate Adviser,

    I want to build a new home, and the builder wants me to get a construction loan. I don’t fully understand what that is. Can you tell me the pros and cons of this type of loan.

    Dear Diane,

    It’s the type of loan that is most convenient for the builder — but not always for the buyer. You would finance the cost to construct the house rather than buying a house that’s already been constructed by the builder. These are often called “story loans” because your lender will want to get a very thorough construction-plan narrative and timeline before it will approve funding. Lenders are not a big fan of fiction, by the way.

    But such construction loans can be tough to acquire for individuals these days. For peace of mind, I’d put the onus on the builder and ask him to carry the loan. That way, the contractor or design-build firm gets your design, you OK it, he builds it and you don’t have to take possession until it’s completed to your satisfaction. The builder is more motivated to finish work on time this way.

    Either way, make sure your builder checks out. Ask for references, check with the attorney general’s office, obtain a credit report, and check for lawsuits and outstanding liens. One home inspector friend of mine says you should go to city hall and check with a few customers not listed as references. Their names will appear on building permits.

    If your builder won’t agree to handle the loan and you decide to carry it, here is what will happen. Funds are typically disbursed in stages as the project progresses, a process that can be a hassle for an individual. You will be required to make only interest payments during construction, which will probably be at a higher rate than the rate on your permanent mortgage — a home loan that will kick in only after the project is completed.

    You will want to get the place livable and exit from the construction-loan phase as soon as possible. Many lenders require that a certificate of occupancy be issued before they will finance the permanent loan. Lenders typically allow for overruns and changes as construction progresses via a reserve account. Unused overages are simply credited back after the house is finished, while outstanding shortages are added to the loan balance.

    Beware! Anything not in the initial contract will cost you extra. Builders are always looking for add-ons and their ensuing markups, which are huge profit centers for them.

    You should know that one of the most common complaints we hear about new-home construction is that construction typically takes longer than planned and usually comes in over budget. If you obtain the construction loan, I suggest you structure your contract to call for a late-completion penalty that the builder would pay by assuming a chunk of your interest payments.

    Do your homework and negotiate everything. And be ready, by the way, to show up at the construction site at every major phase of construction to make sure you are getting everything you paid for.

    Good luck!

    Get more news, money-saving tips and expert advice by signing up for a free Bankrate newsletter .



    Construction Loans, Mortgage Calculators, Home Improvement Financing #loan #calc


    #construction loan calculator
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    Construction Loans, Mortgage Calculators, Home Improvement Financing

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    Real Estate Calculator IIIX

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    Related Information

    A residential construction loan is a relatively short term loan, which allows a property owner, owner builder, and/or a professional homebuilder to borrow the money needed to build a new house. While specific terms for any given loan will vary according to the project, construction loans normally provide for interest-only payments, at a higher rate than a long term mortgage, during the construction period. Funds are distributed to the owner or builder during the coarse of the project according to a pre-defined draw schedule, with interest being charged on the portion of money the lender has disbursed to date. Draws are tied to either a percentage of completion (when 10 percent of the project is complete, 10 percent of the loan is released) or upon the completion of certain milestones (when the foundation is complete and a location survey has been performed, the value of that work is released, when the roof is complete and all windows and doors have been installed, the funds associated with that milestone can be drawn down). The final construction draw is normally contingent upon a certificate of use and occupancy being issued by the local government building inspection department.

    Once the project is complete and the full amount of the loan has been drawn down, the construction loan becomes due in full (a typical scenario for professional builders who use the proceeds of a home sale to pay off the construction loan). In the case of a construction-permanent loan, which is more common with homeowners or owner/builders, the short term construction loan would convert to a conventional long term, fixed rate or adjustable rate mortgage.

    Since lenders will be loaning money to build something that doesn’t yet exist, they will want to have some reasonable assurances that the person responsible for the project knows what he or she is doing and that they will be able to complete the project on time and within budget. So, expect to be able to provide your lending institution with a full set of house plans and specifications. a comprehensive budget, a realistic construction schedule. and some type of proof that you are qualified to manage the project yourself or that you will be working with, or have access to, a professional builder who is qualified to finish project should you not be able to do so.

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    Check Your Credit Rating

    Chances are fairly good that you have never seen a copy of your credit report. Yet, mortgage companies, credit card companies, apartment managers, car dealers, and many other lending institutions regularly use the information found in these reports to decide whether or not doing business with you represents an acceptable risk. It is a good idea to know what these lenders will see before they make a decision about your loan, yet too many inquiries on your report may lower your credit rating.

    Bad debts, or errors that report bad debts, may appear on your record for approximately seven years from the filing date. If you have been turned down for a loan based upon a report from a Credit Reporting Agency (CRA), you may have a right to receive a free or low cost copy of that report from the CRA under the Fair Credit Reporting Act. If you live in Colorado, Georgia, Maryland, Massachusetts, New Jersey, Vermont and probably other states by the time this is read you are eligible by law to recieve a free copy of your credit report.

    Contact these 3 major Credit Reporting Agencies for more information: Experian. Trans Union. and Equifax

    Federal Trade Commission Bureau of Consumer Protection – enforces credit laws that protect your right to obtain, use, and maintain credit. These laws do not guarantee that everyone will receive credit. Instead, the credit laws protect your rights by requiring businesses to give all consumers a fair and equal opportunity to receive credit and to resolve disputes over credit errors. Here is a list of credit publications that should help you better understand your rights as a consumer.

    HomePath.com – this site, brought to you by the Federal National Mortgage Association. better known as Fannie Mae . used to be primarily a step-by-step guide through the entire mortgage process. Today, the HomePath site still contains a good bit of helpful home buying and financing information, however it is targeted toward promoting the sale, or resale, of Fannie Mae s foreclosed properties.

    Housing – Financing Sales – This page, which is part of the United States federal government Consumer Information Center Web site in Pueblo, Colorado, contains links to information about adjustable rate mortgages, mortgage lock-ins, refinancing, a HUD home buying guide, settlement costs, and dozens of other home buying and maintenance publications.

    Buying a Home – a publication from the U.S. Department of Housing Urban Development. which contains answers to common questions from first-time homebuyers, including a list of nine steps to buying a home, information about HUD, FHA, and VA loans .

    VA Loan Guaranty Service Homepage – The organization within the Veterans Benefits Administration that administers the home loan program, which helps veterans and active duty personnel purchase and retain homes in recognition of their service to the Nation. Available information includes VA Home Loan pamphlets. frequently asked questions about the VA loan program, specially adapted housing for disabled veterans, and addresses, telephone numbers and Web sites of the Department of Veterans Affairs Regional Loan Centers.

    VA Specially Adaptive Housing Grants for Disabled Veterans and Wounded Warriors – A short YouTube video describing grants available to help purchase or construct an adapted home or to help modify an existing home to include universal design features that help with daily living needs.



    Construction Loans #loan #calculator


    #construction loans
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    Construction Loans

    Construction loans are used to finance the construction of custom homes.

    A Construction Permanent Loan is the mortgage product borrowers who wish to build a custom home typically use to finance their project. This loan product provides a line of credit which is used to fund the purchase of the property and then the construction of the home as the work goes in place.

    It will then convert to permanent financing upon completion of the house and it’s all done with a single loan closing. The loan application process is similar to applying for any other type of residential financing but there will be additional information required. Specifically, the borrower will need to provide a copy of the land contract, the builder contract, the house plans and specs. In some instances, the plans and specs can be provided after settlement.

    Construction loans are for a period of 6-18 months starting on the day the construction line of credit goes to settlement. All payments during the construction process will be interest-only based on the outstanding balance on the line. Draws are periodic advances taken against the credit line for the builder to pay for materials and subcontractors as work on the house goes into place.

    If the project is a renovation, often a portion of the first draw goes towards paying off any existing mortgages. Borrowers have the option of selecting the Settlement Company with whom they would like to work on their project, though we may make recommendations based on expertise in handling the nuances of this loan product.

    The closing costs for both the Construction Loan and the Permanent Loan are paid at the initial settlement which is why this type of loan is also referred to as a Single Close Construction Loan. The advantage of this structure is that there is no duplication of the most expensive cost items namely title insurance and recordation taxes.

    Before and during construction, the borrower will work with their Loan Officer to determine the type of permanent financing that is most suited to their needs. Once the house is complete the loan will then be modified to the loan that was selected and that permanent mortgage will be the same as any other home mortgage such as a 30 Year Fixed, 5 yr ARM, etc.

    When ready, contact a Loan Officer to help determine the best loan for you!



    Construction Loans #student #private #loans


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    Construction Loans

    Just because it’s called a “dream home” doesn’t mean it can’t exist in reality. Make it happen with a construction loan from American Bank. Whether it’s financing a cabin, or buying vacant land, we’ll find a loan that works for you.

    Summary

    American Bank is excited to offer a Fixed Rate Construction Loan Program!

    30 YEAR FIXED RATE

    ONE TIME CLOSE

    UP TO ONE YEAR CONSTRUCTION PERIOD

    Annual Percentage Rate of 4.38% effective 2/1/2015 for a limited time. Credit Score of 700 or higher required. Maximum combined loan-to-value up to 80% or less. Other qualifying ratios and terms may apply. Borrower pays all closing costs. A typical repayment example on a $250,000 loan: Interest on the amount of credit outstanding during the construction period will be paid monthly, followed by 359 monthly payments of $1,229.89 and one final payment of $1,230.57. Payments do not include amount of taxes and insurance premiums, if applicable, and the actual payment obligation may be greater. Rates and loans are subject to American Bank underwriting guidelines and credit approval.



    Denver – Brothers Plumbing – Heating – Northglenn, CO – Sewer – Drain Services #plumbing, #drains, #heating #repair, #construction, #drain #cleaning, #drain #repair, #sewer #repair, #sewer #systems, #sewers, #sewer # # #drain #services, #heating #contractors # # #systems, #sewer #construction #contractors, #sewer #contractors, #plumbing # # #heating #contractors, #septic #cleaning, #sewer # # #drain #cleaning, #plumbing #contractors, #sewer # # #drain #cleaning #service # # #repair


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    Brothers Plumbing Heating

    Brothers Plumbing & Heating – Denver in Northglenn, CO is a business with Plumbing Contractors on staff. Brothers Plumbing & Heating is listed in the categories Sewer & Drain Services, Heating Contractors & Systems, Sewer Construction Contractors, Sewer Contractors, Plumbing & Heating Contractors, Septic Cleaning, Sewer & Drain Cleaning, Plumbing Contractors and Sewer & Drain Cleaning Service & Repair and offers Plumbing, Drains, Heating Repair, Construction, Drain Cleaning, Drain Repair etc. If you did business with Brothers Plumbing & Heating, please leave a review and help us improve and help other people. Also, don’t forget to mention Hubbiz.

    Sewer Drain Services, Heating Contractors Systems, Sewer Construction Contractors, Sewer Contractors, Plumbing Heating Contractors, Septic Cleaning, Sewer Drain Cleaning, Plumbing Contractors, Sewer Drain Cleaning Service Repair

    Drains, Heating Repair, Construction, Drain Cleaning, Drain Repair, Sewer Repair, Sewer Systems, Sewers

    Professionals on Staff:

    Heat-N-Glo, InSinkErator, ISE

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