Submitting construction loan documents to a bank

Now that you have a complete construction loan application package put together its now time to send the package along with a set of plans to the bank. It is important to note that some lenders are finally catching up with modern day technology.

What type of construction loan are you looking for

30- year fixed. 3/1, 5/1, 7/1, 10/1, jumbo loan, 1-year-only construction loan? When asked this particular question, most families do not realize that construction loans are nothing more than typical mortgages such as a 30-year fixed or an arm product.

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