Ar_home_b_search
 



cp: Construction to Permanent vs. Construction Only - 10/30/07 06:04 PM
What is the difference between "Construction-to-Permanent" and "Construction Only" loan programs?
A C/P or Construction-to-Permanent, also called "One Time Close" is a type of construction loan that rolls directly into your permanent financing once your home has received its Certificate of Occupancy. Typically, the borrower qualifies for the loan to the guidelines of the permanent loan. The borrower can select whatever end loan program that a lender may have in their portfolio (ie. 30 year fix; 3/1, 5/1, 7/1 ARMs, Interest Only, 15 year fix, etc.). The construction period is the riskiest part of the loan. Thus, lenders will charge a … (4 comments)

 

Katie Marchione ~ Community First Financial

Scottsdale, AZ

More about me…

Community First Financial

Address: 7575 E. Redfield Rd. Suite 235, Scottsdale, AZ, 85260

Office Phone: (480) 305-8900 x 315

Email Me



Links

Archives

RSS 2.0 Feed for this blog