More affordable housing now available in Truckee (Sierra Sun)
Spring Creek opened its doors Saturday to show off its new batch of affordable housing in Truckee.
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Many homebuyers considering a modular or panelized home will probably be
This is the traditional method of construction financing that many lenders still offer today. A double-close CTP loan provides two separate loans: an interim interest-only. construction phase loan to build the home and then a new permanent, fully amortized mortgage when the home is completed. There are two applications - two sets of fees - two closings - two loans. There are few advantages to this loan type simply because it is more expensive than a single-close CTP loan.
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