Hellow guys, Welcome to my website, and you are watching Can I use my land as down payment for a construction loan?. and this vIdeo is uploaded by Mortgage Mastery Theater | by CSM at 2023-08-03T11:35:38-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Can I use my land as down payment for a construction loan? |
| Video Uploader | Video From Mortgage Mastery Theater | by CSM |
| Upload Date | This Video Uploaded At 03-08-2023 18:35:38 |
| Video Discription | If you want to get a construction loan but you already own the land, can you use it as equity or a down payment? In this video, I dive into the topic of construction loans and explore the possibility of using your land as a down payment. I address various scenarios, including owning the land for less than a year and owning it for over a year, highlighting the differences in loan calculations. Construction loans differ from traditional loans, operating on a "loan to cost" or "loan to value" basis. I illustrate these concepts with real-world examples, discussing the implications of land value and cost on loan eligibility. If you're considering a construction loan and want to leverage your land, this video is a must-watch. Looking to buy or refinance in WA or ID? Call/Text: 206-999-6941 Email me: chris@clevelandstreet.com Schedule a call with me: https://calendly.com/clevelandstreet Check out our website: https://www.clevelandstreet.com/ NMLS 1902724 | Equal Housing Opportunity #realestate #mortgage #finance |
| Category | Education |
| Tags | construction loan | construction loans | building your own house | building a house in washington | building a house in idaho | using land as down payment | land as collateral | cleveland street mortgage | chris butaud | washington state lender | construction loan lenders | real estate investing |
