Construction Loans | The Basics | 2023
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We are incredibly excited to introduce our special guest, Michelle Garcia. Michelle is an esteemed authority in construction financing, and she is here to share her valuable insights and expertise with all of you. Whether you're a homeowner embarking on the journey of building your dream home or a real estate investor venturing into the world of construction projects, this video is a must-watch to grasp the fundamentals of construction loans.
In this episode, Michelle will simplify the complexities of construction loans by breaking down key concepts into easily understandable language. She will guide you through the essential aspects of construction loans, starting from the basics of what they are to exploring the various types available. Michelle's step-by-step approach will ensure that you gain a comprehensive understanding of the loan process, empowering you to make informed decisions for your construction endeavors. Don't miss this opportunity to learn from Michelle's expertise and gain invaluable knowledge about construction loans.
In this episode, you’ll also hear:
- What are common pitfalls to avoid
- Tips to maximize your chances of securing a construction loan
- How to prepare yourself financially and strategically for a construction loan
Must-listen moments:
[00:02:50] The three different ways to acquire property.
[00:07:54] The two types of closings: construction financing and one-time close.
[00:15:55] Borrowers and builders - what is the vetting process like?
[00:27:10] How to prepare for unexpected costs
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Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497
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📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo
To contact us visit www.loanwithjen.com
Equal Housing Opportunity Lender NMLS# 514497
Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.
Resources mentioned in the episode:
https://www.loanwithjeneducation.com/
https://www.instagram.com/loanwithjen/
https://www.facebook.com/loanwithjen
https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g
77 episodes