Our clients say it best...
"Before finding Finworth, I used the wealth management group at my bank for mortgage services. Finworth surprised me with their ability to tailor a loan to my situation, with rates significantly lower than the bank. That's an impressive combination."
R.J. – Memphis, TN
CONSTRUCTION LENDING
Obtaining financing for building your own property can be daunting. The process is more complicated than a straightforward purchase because it can include more than one closing and more complicated loan structures. At Finworth, we recognize the need to explain, provide clarity, and orchestrate the process on behalf of our clients. You may already have a bank to handle the construction phase of your project. In that case, we would work with them during construction (give them a ‘take out’ letter) and we could handle the conversion of your construction loan into a permanent loan. Or, you may prefer we handle both the construction phase with our parent company InsBank, and also convert it to a permanent loan at the end. Sometimes, a ‘one-time close’ product is the best and most efficient choice. Sometimes it is better to handle them separately. Maybe you would like to buy a home that was foreclosed upon and needs work. Maybe you would like to buy a home that was left unfinished by a builder. Each circumstance is different and we will help you think through yours. In any case, anyone who has built a home knows there are more important concerns than worrying about whether or not your loan is structured properly, when you should lock a rate, or how the timing of the financing changes should occur.
Allowing Finworth to manage the financing details means you can focus on the good stuff – the successful construction of your new home.
