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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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Georgia Construction Loans Construction Loans for Georgia Homeowners! We've Got Just The Right Loan, For All Types Of Georgia Homes Including Log, Timber Frame & Modular Homes Construction-To-Permanent Loans
Lot Loans
Remodeler Loans
Bridge Financing
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Mortgage Resources Mortgages 
Georgia Factoids The Peach State has a unique Southern history. After obtaining a royal charter, Gen. James Oglethorpe established the first permanent settlement in Georgia in 1733 as a refuge for English debtors. In 1742, Oglethorpe defeated Spanish invaders in the Battle of Bloody Marsh. A Confederate stronghold, Georgia was the scene of extensive military action during the Civil War. The largest state east of the Mississippi, Georgia is typical of the changing South with an ever-increasing industrial development. Atlanta, largest city in the state, is the communications and transportation center for the Southeast and the area's chief distributor of goods. With a mild climate and popular shores, Georgia is on many people's minds!
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