Construction loans/take out.
For land investments.
Construction and take out loans.
Land investments,income properties and improvement projects can qualify for this type of loan option.
A construction take out loan allows you to achieve your financial goals through an option to attain a construction loan with a new loan based on completion of the former construction loan terms.
CONSTRUCTION/TAKE OUT loans are combined starting with the construction loan terms. The take out option is used to pay off the debt of the construction of the income producing property. There is a qualifying amount and a maximum amount for the first and second portion of the loan. The payments are switched to a combination loan.
This option allows you to complete a construction project when you would not otherwise be able to take out a new loan based on newer terms in the future due to the high interest rates and want to save money and you can handle the time completion of the construction project.
You may qualify for a construction/take out loan if you are able to complete the construction project within a specific time frame and want to reduce interest and payments for two separate loans.
If you have any questions about any MLS land property and would like to find one based on your specific criteria then contact an agent for a free consultation and information. We can also help you find a land investment or previous income property that is a MLS listing.
For a free consultation and to qualify for a construction/take out loan you call toll free #1800-209-0903 and a representative will assist you.
Tuesday, January 30, 2007
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