Construction Loans are used to provide a funding source to the homeowner or builder during a new construction or building phase of a home. The construction loan would allow for funds to be made available to pay construction costs during the building of a new home. Construction loans are a short-term source of financing that will typically be converted into long-term financing once the home construction is complete. At eLendingNow, you will be able to work with an experienced Mortgage Team, who will provide you with the benefits offered by these programs and determine which option is best for you. Take the first step by requesting a FREE loan analysis.
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