nlike the traditionally accepted mortgage which is given as a lump sum for purchasing an already made home, the construction loans disburse the funds in stages which is normally referred to as draws.
It is very challenging financially to either build your house or even extend your commercial space. But worry not because at Today Finserv, we know that every construction project is unique, and is why we offer customized construction loan solutions, tailored to your specifications to help you turn your blueprints into reality. Much more so if you are a homeowner, developer or a business owner, our flexible financing options are sculpted to help meet your specific needs while ensuring your project stays on track.
This is usually a short term, high interest loan targeted towards funding the building or renovation of a property. Unlike the traditionally accepted mortgage which is given as a lump sum for purchasing an already made home, the construction loans disburse the funds in stages which is normally referred to as draws. At times, only the funds that were drawn upon are placed under interest which aims to decrease one’s financial strain during the start of the endeavor.
At Today Finserv, our construction loans cater to a wide range of projects, including:
Designed Loan Products
Every construction work is different, and so are our loans. From single-family homes to high-rise commercial buildings, we can tailor our loans to meet your needs.
Best Interest Rates
Our rates give you the best possible interest in the market and make sure that your project stays financially viable.
Tranche Payments
Funds are released according to the stages of completion or milestone achievements of the project. This ensures you have enough capital at every construction phase. It also reduces the chances of cash supplies being used up during construction.
Instant Approval And Disbursement
In construction, time is everything. That's why we have simplified the application process for fast approval and change of funds.
Professional Help
We provide complete support from application to project completion. Our staff ensures a stress free experience.
It is easy to apply for a construction loan with Today Finserv:
Home Owners: Build or make your dream home even better.
How long do you need to wait for a construction loan?
A few days to a week, depending on the complexity of the project.
Are construction loans also available for renovations?
Yes, there are renovation options available that cover home enhancements and other major improvements.
What is the longest loan period?
A construction loan is typically allocated 12 to 24 months, after which they can be shifted to a long-term mortgage.
At Today Finserv, we think every single construction project is an opportunity for a better tomorrow. Our Construction Loans are meant to empower you to achieve your goals. We aim to support our customers with affordable prices, flexible conditions, and expert assistance that makes construction easy and calming.
Do you want to construct something? Talk to us at Today Finserv so we can help you achieve what you envision.
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