Tag: construction to permanent loan

Construction Loans: The Difference is In the Closing

Posted by Houseopedia

When planning to build a custom home, buyers have their choice of two types of construction loans. The traditional type involves two closings, one for the construction phase and one for the permanent mortgage. The newer, more popular version is the so-called one-time close, also called a construction-to-permanent loan. Here’s how they differ. Getting started…. Read more »

Weighing Your Options: Tract Builder Versus Custom Builder

Posted by Houseopedia

When building a new home, you must first decide if you want to hire a custom builder or a tract home builder. There are a lot of variables to consider, so let’s dig in. Tract builder. The tract home builder, also known as a production builder, is often a regional or national company that builds… Read more »