Tag: construction loan
-
What's the Difference between a Construction Loan and a Mortgage Loan?
Posted On: August 27, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
If you’re considering building your dream home instead of purchasing an existing house, you’ll need financing. The whole thing can be confusing and more than a little intimidating. Do you need a mortgage? A personal loan? It’s hard to know where to start. What’s tricky is that you’re asking for financing for something that doesn’t actually exist yet. It requires something different than a traditional mortgage. Trying to find land, a builder, and all the other...
Read More -
The Scamming Contractor and How to Avoid Them
Posted On: March 28, 2019 by Falcon National Bank in: Manage your Business | Business Banking, Your Financial Life | Personal Banking
Let’s clear the air here, not all contractors scam people. Most are hard-working and honest people that take pride in their work. Falcon National Bank is a large producer of construction loans and we have worked with many reputable builders. However, there are some contractors out there that you just shouldn’t trust. If something doesn’t feel right after meeting with a contractor, it probably isn’t. Being aware of common contractor scams and identifying red flags before...
Read More