LBI Construction Loans

Dated: 11/01/2013

Views: 1721

Construction Loans to Help Build New Homes or Renovate Damaged Homes

In the wake of Hurricane Sandy there has been a demand for financing options to assist in building new construction or rebuilding and renovating an existing damaged home. There are several excellent financing options available two of which are the "One Closing Construction Loan" and the "PermanentsLoan". in short, these programs allow the borrower to purchase a property, either with or without an existing dwelling, and secure a construction loan to build their new home (or rebuild as the case may be). The advantage of this program is there is only one set of closing costs (although some additional recording fees may apply) thus saving a lot of money! Of course this is only one option of many and depending on the financial picture of the borrower, there may be other options available. Therefore, it is best to contact a lender for specific details. I have enclosed the contact information for Rich McCabe below who specializes in these financing options:
Rich McCabe
NMLS#: 168313
Bank NMLS#: 433840
Sr. Mortgage Loan Originator
1st Constitution Bank
1246 Cranbury-South River Road
Cranbury, NJ  08512
Phone (609) 578-4468
Cell: (609) 412-7295
Fax: (609) 235-0687

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