Table of Contents Draw & Construction Mortgage Guide What is a draw mortgage? A draw mortgage, also known as a construction mortgage is a mortgage type used to finance the construction of a property. It allows for a home builder to draw on funds as needed to complete the build. Normally in a draw mortgage, a builder will need to submit...
Continue readingWhat Is A Bridge Loan? Mortgage Tips For Interim Financing
Table of Contents What is Bridge loan financing? Who Needs a bridge loan? What is bridge financing? A bridge loan is a sum of money lent by a bank to cover an interval between two transactions. Typically the buying of one house when selling another. In simple terms Bridge loans are used when you have a firm sale on a current...
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