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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[@ocean1233]

EXCELLENT INFORMATION 👍
THANK YOU LADIES ‼️

[@LoanWithJen]

You are welcome Paula! If I can answer any questions, let me know! Feel free to share with anyone you know who might need this or other mortgage info :)

[@ocean1233]

Thank you ladies

[@LoanWithJen]

thank you for watching!

[@TWinningItAll]

This was very helpful. Thanks for valuable information, my husband and I are preparing to custom build in South Georgia

[@LoanWithJen]

Glad it was helpful! We loan there, but also have a local contact that knows banks etc. Do you need construction loan? Schedule a call with me and if i can help i will, or point you to someone that can! calendly.com/loanwithjen/intro-introductory-call-with-jen-15-minutes

[@lenandov]

I'd love to know how it went with that

[@emmettnealsr.6157]

I have watched this about 100+ times. Do you have connects or colleagues in the San Francisco Bay Area?

[@TWinningItAll]

​@lenandov Construction to permanent loan is by far the best choice for my husband and I. We closed mid February we're about halfway through the build.

[@lenandov]

@@TWinningItAll hey cool. As far as what you have to pay on the loan, was it close to predicted or like any unexpected stuff? And do y'all know what to expect monthly after loan conversion? Not asking $ but curveballs or blind spots?

[@patricialynnstewart-realtor]

Great info Jen! Thanks!

[@LoanWithJen]

Thank you so much for watching!

[@4everlucki]

Can y'all recommend any builders?

[@LoanWithJen]

Are you in what city, state?

[@sunshineafterrain1]

Michelle what is the state you are in?

[@LoanWithJen]

Michelle is in Texas. me too. if you need her info you can reach out to me www.loanwithjen.com/contact