Why shouldn I try to handle a Lot or Construction Deal on my own? What is the advantage to using Stratford, Platinums In-House Lot and Construction Department?
Construction lending is a great niche but a challenging one. Most Loan Officers attempt it only to find that the lenders are not consistent and it is difficult to get it right when you don’t handle these types of loans all the time. Ultimately this ends up in frustration for the client and a black eye for you. Even if you do navigate through the challenges of construction lending you generally average a little more than a point in fees for a lot of work and hassle.
Related Questions
- Why shouldn I try to handle a Lot or Construction Deal on my own? What is the advantage to using Stratford, Platinums In-House Lot and Construction Department?
- What is the advantage/disadvantage of buying a ready home or one under construction?
- Why use Wisconsin Neighborhood Advantage over an in-house loan product?
