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Updated 5 months ago on . Most recent reply

Fernando Mingo's profile image
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Fernando Mingo
  • Member since Sep 18, 2024
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Fernando Mingo's profile image
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Fernando Mingo
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Fernando Mingo
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Land & New Construction

How to Asses and Compare Construction Loan Terms?

Fernando Mingo
Posted

Good afternoon everyone,

I currently have new construction coming up where I am sourcing construction loan quotes from multiple lenders. I'm receiving multiple offers ranging from 11.75% to 12.25% with points varying from 2% to 3%. I have one at 15.375 with no origination fee. How can I properly asses each loan term and compare it to the others to ensure I'm receiving the best deal?

Newark, New Jersey
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