In case your loan try paying for both land and you may framework, then very first mark is always to pay the fresh house and you can closing costs. it may cover will cost you like household construction, helping, and you will web site invention.

Disbursements. Before doling out money, the lender should make certain the current stage off really works has been complete safely, you to subs and companies had been paid back and you will finalized lien waivers, and therefore your panels is actually moving together without any major problems. Read more