Construction Loans Guide

New Construction Loans Section


New Construction Loans Navigation

Main Home Page
Tell A Friend about us
Alabama Construction Loans |
Loans On Construction Contracts |
Government Owner Builder Construction Loans |
Interim Construction Loans |
Construction Loans One Time Close |
Subprime Construction Loans |
First Time Construction Loans |
Commercial Loans For Construction Contracts |
Construction Loans Idaho |
Commerical Construction Loans Bad Credit |

List of Construction-loans Articles

New Construction Loans Best seller

Buy it Now!

Best New Construction Loans products


Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; rss_parser has a deprecated constructor in /home4/marcilio/public_html/loan/construction/datas/rss.class.php on line 2

Social bookmarking
You like it? Share it!
socialize it


Subscribe to our newsletter AND receive our exclusive Special Report on Construction-loans
First Name:

Main New Construction Loans sponsors


Latest New Construction Loans Link Added


Submit your link on New Construction Loans!


Welcome to Construction Loans Guide


New Construction Loans Article

Thumbnail example

´╗┐New Construction Loans: What to Look For


There are certain important milestones in almost every American's life. You get married, you have children, and you own your own home, although not always in that order. Owning your own home is definitely the most expensive of these options, and also the most broad. Sure, you could be like everyone else and buy an already built home in your neighborhood, but that isn't always the best option. If you can afford it, it is often best to build your own home. This way, you get the exact house that you always wanted.

If you plan to build your own home, you don't have to pay all of those costs upfront. Instead, you can pay for it by looking into new construction loans. These loans are great for first time home builders. They provide you with the money that you need in order to pay for materials as well as the fees to your contractor, architect, electrician, and whoever else will help you with construction your brand new home.

New construction loans are much more complicated than your average mortgage loan. In fact, they couldn't be any more different. As you may already know, mortgage loans take care of the cost of owning a home. Each month, you pay a portion of the money you owe, as well as any interest that has accrued.

With new construction loans, this works differently. During the construction of your house, all you have to pay for is the interest on your loan. This saves you a lot of money during that time. It is especially helpful since most people also have to pay for rent on another home or apartment while they are building a new one.

After the construction is over and your home is completed, you will have to pay for the full balance of any new construction loans that you took out. Unfortunately, this is too much money for the average person to spend. Luckily, there are other options. Ask any prospective lenders if they offer construction-to-permanent loans. With this, your construction loan will turn into a mortgage loan at the end of building. This means that you won't have to pay all of the money when your house is done, and it will just go into regular mortgage payments, saving you hassle as well as money.

New construction loans are perfect for when you are planning on building your own home. Not only will you get the money that you need in order to have an amazing, personalized house, but you will also only have to pay interest during its construction.