When Do I Make Payments On a Construction Loan (IN DETAIL)

In this video, we'll explain financing for custom home construction, shedding light on cash flow dynamics, included costs, disbursement schedules, and payment timelines. This video is for anyone interested in building your own home and trying to understand what payments you'll need to make when, when the lender disburses money to you, what costs are included under the loan, how you prove where your money was used, and more. 📋 Topics Covered: Cash Flow Overview: Discover how cash flows in and out during the construction loan process. Learn how it differs from a traditional mortgage and what to expect. Loan Costs: Gain insight into the costs encompassed by construction loans. We'll discuss prep work, feasibility studies, grading, permits, and more, so you can plan your budget effectively. Loan Disbursement: Find out when and how you receive funds from your construction loan. Understand the disbursement schedule and the role it plays in your project's success. Payment Obligations: Learn when and how you'll need to make payments on your construction loan. We'll cover interest payments, principal repayments, and any other financial responsibilities you may have. Looking to buy or refinance in WA or ID? Call/Text: 206-999-6941 Email me: [email protected] Schedule a call with me: https://calendly.com/clevelandstreet Check out our website: https://www.clevelandstreet.com/ NMLS 1902724 | Equal Housing Opportunity