Video Transcript:
Building a custom home uses a special kind of loan. The money is not given all at once. It is released in steps as work is completed. I'm David Ghazaryan, and I control this process. Your lender must approve the builder before any money is ever paid out for your new home. The draw schedule is our payment plan. For example, ten percent (Data may vary over time) is paid out only after the foundation is poured, never before. We turn this long process into a big advantage for you. I lock in your final interest rate before we even start building the house. Without this, you are exposed to risk. If rates go up during the build, your final payment could be much higher than you ever planned. This entire system provides financial protection and clarity from start to finish. For deeper analysis, find me across platforms or read the full article below.
Read Blog Here: https://www.iqratemortgages.com/blog/guide-to-construction-loans-in-the-woodlands--sugar-land
