National City Programs For New Home Construction
Building a house and | or significantly remodeling your current
home are undoubtedly exciting projects. Yet, with regard to
home rehabs, additional words and phrases that come to mind
include: overwhelming, cumbersome, time consuming, costly
and (ultimately) worthwhile. Thus, National City Mortgage
has designed a program to help you through this trying, though
also rewarding, time, by offering a host of value-added benefits.
With National City Mortgage, all parts of the construction
can be combined into one convenient loan. This includes all
permanent construction projects for the loan and the closing
of the loan. So no matter how many small projects go into
one construction or remodeling undertaking, all have one loan
and then one closing. This convenience is all part of National
City’s commitment to quality service and satisfaction.
Financing is also guaranteed. Before you begin building and
for as long as 12 months of construction, you can enjoy fixed
interest rates. This prevents you from being overcome with
heightened interest rate costs. At the same time you negotiate
your construction financing, you can negotiate your homeowners
insurance. All at one time, from one lender, you are able
to secure all the financing you require. Just like that with
one easy step, you have all the financing you need.
When you undertake a home remodeling project, it is often
common to take out a second mortgage to finance this endeavor.
At National City, we want you to have options for financing
your remodeling project that doesn’t require a second
mortgage. National City offers a FHA 203(k) Rehab Loan program
allows you to combine your home costs as well as your repair
costs in one dependable loan. No more borrowing on your home
to make repairs, this is a separate program that allows you
to refinance your home or to take out a separate loan for
So whether you are building a new home or fixing your existing
one, National City Mortgage has the loan options you need
to have the home you have always wanted.