What does a typical timeline look like on a construction loan?
Everyone’s timeline will be different. Putting the appraisal aside, it generally will take a week or two to get the loan approved. The...
What is the appraisal process?
First, a little background on the relationship banks have with the appraiser. In today's mortgage world, appraisers are independent. ...
What if I change my budget after the appraisal is done but before closing?
First and foremost you want to inform your lender that you have made a change. The budget is the lenders blueprint and payout...
What if my appraisal comes in low?
If the value comes in lower than expected, there are a few remedies to either increase the appraised value or reduce the cash to close...
What needs to be included in a construction contract?
The purpose of this topic is not to give legal advice of what should be in or how a construction contraction should be structured, but...
