Chris Esposito's Articles in Debt & Mortgage - Right Article - Article Directory
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Chris Esposito's Articles in Debt & Mortgage

  • What You Need to Know About How Construction Loans Really Work
    A construction loan has some similarities to a regular purchase or refinance mortgage. You will still be judged on your income, credit, savings and monthly debts. However, with a construction-to-permanent loan, there are a additional factors that lenders consider - you need to know them if you want to build a new home.
  • Today's Credit Scoring Basics and the Effects on Construction Financing
    At one time, not too long ago, there was no such thing as a numeric credit score. Your credit report either showed that you paid on time or you didn't, and that was that. But, times have changed. Today, it's more vital than ever to understand the basics of the FICO credit scoring system and how it will affect your qualifications for construction financing.
  • The Construction Appraisal - What You Need to Know Before Your Loan Gets Denied
    If you are building a new home, the appraisal is just as important to your construction loan qualification as your income or credit scores - maybe even more important. If you don't understand the appraisal process for a construction loan, you run the very real risk of wasting a lot of time and money.
  • Who Are the People Involved in Your Construction Loan Process?
    Whether you are going to be an Owner Builder or hire a General Contractor, there are several people that will be involved with your loan process in addition to the loan officer with whom you choose to work. Knowing the roles of each of these people will make your loan process flow smoothly and quickly.

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