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All Forum Posts by: Fernando Mingo

Fernando Mingo has started 1 posts and replied 1 times.

Land & New Construction

Post: How to Asses and Compare Construction Loan Terms?

Fernando MingoPosted
  • Posts 1
  • Votes 0

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?

0 Votes
Newark, New Jersey