Can someone help me with the construction loan process

[Dennis Kelly]

When applying for a construction loan you get the loan in pieces as the home is being built. The home is complete and then you roll it over to a mortgage? What is the benefits of this? When you use the brrr method buy rehab refinance repeat, why do you refinance and what are those benefits?

My second question is when you go to buy a home to demolish it and build new, first do you need to buy the home with a mortgage and then get a construction loan to demo it and rebuild? Or can you buy the home from the beginning with a construction loan and use that loan to buy the home, demo it, and build new?