Both Builders and Borrowers Benefit From This Program !!

BUILDER'S BENEFITS

• Do not need to use up precious credit lines
• You can give your customer a better construction price as you don't have to figure in the cost of financing
• Your customer will already be approved for the permanent mortgage - no fallout at the last minute because customer received construction financing but suddenly can't get permanent mortgage financing.

HOMEOWNER'S BENEFITS

• Creates instant equity -most homes appraise for more than the sum of land and construction costs 
• Low costs as you only pay for one closing - not two like most construction programs
• Completely approved for both construction and permament mortgage from Day 1
• Negotiate the lowest  construction contract price with the builder as builder does not need to use his credit lines to finance construction.
• You control the funding of the buildout - you authorize  each  construction draw funding every step of the way -   no sudden price increases without your agreement.

• Make Interest-Only payments during construction only on the money drawn.