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Refinance - Home Equity - 2nd Mortgage - Debt Consolidation - Home Improvement - FHA VA
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Popular Terms 30 yr Fixed
Construction Loans Advantages Many homeowners use construction-to-permanent financing programs where the construction loan is converted to a mortgage loan after the certificate of occupancy is issued. The advantage is that you only have to have one application and one closing. Depending on your view on interest rate trends, you could also purchase a rate-lock agreement valid through the expected completion of the construction. Just make sure you allow for the inevitable construction delays. A construction loan, unlike a mortgage, isn't meant to be around for a long time. If you're taking out a $200,000 construction loan for six months and you pay an extra 0.5 percent on the loan, it costs you an additional $250. (Assumes an average $100,000 loan balance over a six-month construction period.) You may be willing to pay a higher rate on the construction loan if you're doing construction-to-permanent financing and can get better mortgage terms or a longer, better rate lock from that lender.
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California Construction Loans Construction Loans for California Homeowners! We've Got Just The Right Loan, For All Types Of California Homes Including Log, Timber Frame & Modular Homes Construction-To-Permanent Loans
Lot Loans
Remodeler Loans
Bridge Financing
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Mortgage Resources Mortgages 
California Factoids California is called the Golden State, and it's seemingly boundless terrain of sunshine and the Gold Rush of the 1940s are primarily the reasons. On Jan. 24, 1848, James W. Marshall discovered gold at Sutter's Mill, starting the California Gold Rush and bringing settlers to the state in large numbers. People continue to head West in large numbers towards the land of sun and opportunity, prolonging California's nearly mythic place atop the American housing market. From Mt. Whitney at 14,495 feet to Death Valley at 282 feet below sea level (the lowest point in the Western Hemisphere), and from the eternal sunshine of Southern California to the rugged yet lush beauty of the North, the state continues to see an influx of people searching for the American Dream. By 1964, California had surpassed New York to become the most populous state. One reason for this may be that more immigrants settle in California than any other state—more than one-third of the nation's total in 1994. Asians and Pacific Islanders led the infilltration.
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