Mar 09 2009
We have seen many Lenders and banks completely pull out of providing Florida construction to permanent mortgages. With the declining market issues and mortgage defaults it’s been almost impossible to find the funds you and your builder need to build. Today, BeechTree Mortgage has positioned itself with one of the best construction to permanent programs available which include these highlights:
- Interest only payments during the construction loan period – based on outstanding balance.
- Borrow up to 80% of the sales price.
- Interest rate is locked prior to closing, through modification.
- Modification into a fixed rate mortgage is possible, with qualifying, once home is completed.
- No prepayment penalties at all.
- Use current market value of Lot, if owned more than 6 months, towards equity.
- Jumbo mortgage rates available.
- One closing upfront eliminates repeating closing costs upon completion of home.
If you are considering building your new dream home in Florida; it pays to contact your upfront Florida Mortgage Professionalsat BeechTree Mortgage. We’ll show you how easy it is to start building with a construction to permanent mortgage loan today. Call us at 888.399.0520.