Property Finance – Types of Home Loans – Construction Home Loan – Part 2

Property Finance – Types of Home Loans – Construction Home Loan – Part 2
This video talks about:
Understanding construction home loans & construction loans and how a construction loan can change through the 3 Phases of construction loan. The video explains some construction loan basics that the client must understand and finally the video goes into discussing the 4 Steps to construction loan. The video also discusses two examples of a construction loan, namely, a construction loan when a land is purchased initially and then construction is commenced and later the construction loan is converted to either a property investment loan or a normal home loan. In the second example, the construction loan is given as a house and land package and the entire loan is clubbed into one construction loan. Check out the video for detailed examples.

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