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Construction Loans
Think building a new home might be for you? A construction-to-permanent loan could be your answer.
Construction loans are unique because they allow you to purchase land and build the home of your dreams.
The amount of money that a lender will loan is based on the estimated value of the home once it is complete. Funds are distributed at set intervals during the construction process. Once the home is complete and a certificate of occupancy is issued, the construction loan is converted to a permanent loan.
Talk to your loan officer to decide if building is right for you!
 Mortgage Choices, Inc. - 84 Green Street - Hudson, NY 12534 Office Phone: (518) 828-3737 Fax: (518) 828-6400 Toll Free Phone: (800) 371-3405 Registered Mortgage Broker NYS Banking Department
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