Home Sweet Home Improvements, LLCHome Sweet Home Improvements. LLC

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Closing Before Construction Begins

Protect Yourself By Closing First

It is important that financing for your project be closed before work begins.  Clients sometimes get into trouble when they try to begin their project concurrently with arranging financing.  Of the loans available today that allow the borrower to close before construction begins, there are two that are most common:

The One-Time Close Loan

The Two-Time Close Loan

In today’s market, the One-Time Close loan is becoming increasingly popular.  However, there may be reasons you need a two-time close loan.  A two-time close renovation loan is for those who want to finish with an Adjustable Rate Mortgage (rather than a fixed), or have second mortgages or Home Equity Lines of Credit they want to keep in place.  Additionally, should an investor need a renovation loan, the two-time close is available for the remodeling of the investment or residential property.  Some of the highlights of the two-time close are:

Home Sweet Home Improvements

7225 Wotton Road

Bealeton, VA 22712

Phone: 540-439-8890


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