You may think that refinancing your home loan is a very expensive way to save money, but the reality is, it's not as expensive as you think. In fact, you can save thousands of dollars over the course of your mortgage, simply by refinancing your existing loan.
A Construction-to-Permanent loan enables the borrower to shop for just one loan when building a new home. It covers the financing during the building process and then transitions into a permanent loan once construction is complete, saving you the additional time and closing costs by providing a One-time closing instead of two. You can Finance just the building of the new home as well as the land all in one loan.