Q & A for Construction Loans:

The format for discussion is very simple. Ask a question concerning the construction loan process and get the answer.

This format is great for Builders, General Contractors, Realtors and Borrowers to get immediate feed back on their direct construction question.

Examples of questions:

Q: John LotOwner - I own a lot free and clear. Is there a loan that allows me to take cash out?
A: There are two types of loans that might be able to help. There are lot loans that allow you to refinance and take cash out. You could also do a construction loans and get cash in hand at closing of the loan.


Q: Suzie HomeBuilder – Will stated income loans be offered in 2008?
A: YES, YES, YES 2007 has not be a good year for stated income loans, but most local lenders and banks remain strong with stated income. Look for borrowers to document more assets.