Construction Loans | The Basics

I am thrilled to have a special guest, Michelle Garcia, joining us. Michelle is a renowned expert in the field of construction financing, and she's here to share her valuable insights and expertise with all of you.

If you've ever wondered about the fundamentals of construction loans, this video is a must-watch. Whether you're a homeowner considering building your dream home or a real estate investor venturing into the world of construction projects, understanding the basics of construction loans is essential.

Throughout this video, Michelle will walk you through the key aspects of construction loans, breaking down complex concepts into easy-to-understand language. From defining what construction loans are to exploring the different types available, she will guide you through the process step by step.

You'll learn about the crucial factors that lenders consider when approving construction loans, such as creditworthiness, project feasibility, and documentation requirements. Michelle will also share her expert advice on how to prepare yourself financially and strategically for a construction loan, ensuring a smooth and successful borrowing experience.

With her extensive knowledge and experience in the industry, Michelle will shed light on common pitfalls to avoid and provide tips to maximize your chances of securing a construction loan. From understanding the draw schedule and managing construction costs to navigating potential challenges during the construction phase, you'll gain valuable insights to make informed decisions.

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Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

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