Brenda Ferrandes Realtor

Navigating the New Construction Mortgage Landscape with Brenda Ferrandes, Realtor Buying a new construction home offers a unique allure: a pristine, untouched space built to your specifications, often with modern amenities and energy-efficient designs. However, securing a mortgage for new construction differs significantly from financing an existing property. That's why having an experienced realtor like myself, Brenda Ferrandes , on your side is crucial to navigate the process smoothly. One of the most significant differences lies in the type of financing. While traditional mortgages are designed for resale homes, new construction often involves two main mortgage types: Construction-to-Permanent Loan: This loan covers the entire building process, from land acquisition to completion. It typically converts into a traditional mortgage once the home is finished. While convenient, these loans often come with higher interest rates and require meticulous planning and documentation....