Working With a Construction Lender During a Residential Construction Process. Some say that choosing the lender is the most critical part in getting a construction loan. Hope you did a good homework and chose a good lender, after some ‘’shopping around,’’ checking and research. You might have used Nationwide Construction Loans website for more information, or California Construction Loans if you live in California.
There is nothing wrong with checking the reputation of your lender and then expecting top service and support. That is exactly what you should do.
One expert is never enough in any project, and that applies to homebuilding process too; always seek to work with a lender who is highly experienced and competent.
A good lender is not only the one that helps you get the best deal, but the one that supports you through various challenges.
What does it mean?
As residential construction loans are one of the riskiest loans, the lender needs to keep some control on you (a contractor) but should also be a partner providing value to your project in all areas mentioned above. High quality service and support are what you have to look for and expect.
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Posted on 07/11/2012 at 12:00 AM