Building, Saving (The Press-Enterprise)

Building, Saving (The Press-Enterprise)

As general manager of Silvercrest Western Homes Corp. in Corona, Al Whitehouse this year saw orders plunge for his factory-built homes, mirroring the retrenchment of more conventional on-site home builders.

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This is the most common and cost-efficient construction loan option. The single close allows homeowners to qualify and close with one application - one set of fees - one closing - one loan. This loan provides funds that are disbursed as needed during the construction phase and then converts to a permanent, fully amortized mortgage at the time of completion.



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