Construction Loans

Bloged in Mortgages and more... by Drew Thursday October 6, 2016

To apply please contact

Drew McKinney

612-607-7638 Phone

NMLS# 1461655

www.drewmckinney.com 

 

Construction Loan

Roundbank offers two types of construction loans.  We can assist you in determining with type best fits your needs.

One-Time construction closing:

  • Single approval process combines the home construction loan and the permanent loan in one.

  • Lower loan costs.  You save money by paying reduced closing costs in single closing.

  • Best for those who can accurately anticipate their final construction costs.

    Two-Time construction closing:

  • Financing is available to pay costs incurred during the construction phase with a second closing for the permanent loan to payoff interim financing.

  • Flexibility to change the permanent loan production, term and amount.

  • Best for those who are not able to accurately anticipate final costs.

    Loan Features:

  • Up to 12 months to complete the home.

  • Interest is accrued only on the amount advanced.

  • Eligible property types: Primary, Vacation Homes, and Investment properties

    Benefits:

  • Convenient access to funds

  • Roundbank retains servicing of the mortgage.

 

 

To apply please contact

Drew McKinney

612-607-7638 Phone

NMLS# 1461655

www.drewmckinney.com 

Vacant Lot Loans in MN

Bloged in Mortgages and more... by Drew Thursday October 6, 2016

 

Residential Lot Loan

 

A residential lot loan is used to purchase non-income producing land, up to a maximum of 40 acres.  You can use this loan to buy the land where you want to build your new house.

Benefits:

  • Affordable payments with minimal closing costs.

  • Stable Monthly Payments

  • Source of down payment is flexible

  • Roundbank retains the servicing

     

    Features:

  • Loan term/amortization:

    7 year term with 10 or 15 or 30 year amortization

  • Loan Purpose:

    Purchase and New Construction only

  • Eligible property types:

    Non-income production lot, Maximum 40 acres

  • Loan Limits:

    Generally over $10,000 with no max lending amounts

     

    To apply please contact

    Drew McKinney

    612-607-7638 Phone

    NMLS# 1461655

    www.drewmckinney.com

Mortgage and more..

Bloged in Mortgages and more... by Drew Thursday March 10, 2016

Mortgage Professionals are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs.

Mortgage Brokers primary expertise is locating funding for mortgage financing. They know where the best rates can be found. What’s more, they have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.

So why deal with a Mortgage Professional?

Mortgage Brokers represent you, the customer, not the lender. Because they are not employees of a lending institution, Brokers are not limited in the product they can offer you. Brokers seek out the best lender package to suit your specific situation, whether it’s with a Chartered Bank, Trust or Insurance Company, or Private Funds.

There is a wide assortment of options and features available to home-buyers today. Shopping around takes a lot of time and effort. The mortgage process within today’s very competitive marketplace intimidates many home-buyers. It pays to work with a mortgage professional who will represent you and ensure the mortgage you get is the one best suited to your needs.

Choosing the wrong mortgage can cost you thousands of extra dollars. Mortgage Brokers are trained professionals who can help you save on your mortgage dollar.

Mortgage and more..

Bloged in Mortgages and more... by Drew Wednesday March 9, 2016

Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan specialist. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice. As an experienced loan officer I have the knowledge and expertise you need to explore the many financing options available.

Ensuring that you make the right choice for you and your family is my ultimate goal. And I am committed to providing my customers with mortgage services that exceed their expectations. I hope you’ll browse my website, check out the different loan programs I have available, use my decision-making tools and calculators, and use our secure online application to get started.

After you’ve applied, I’ll call you to discuss the details of your loan, or you may choose to set up an appointment with me using my online form. As always, you may contact me anytime by phone, fax or email for personalized service and expert advice.

I look forward to working with you.

 Drew McKinney 

Mortgages and more…

Bloged in Mortgages and more... by Drew Tuesday March 8, 2016

Drew McKinney runs an entirely referral based company, with an industry leading percentage of repeat customers. This very high level of customer satisfaction can only be achieved by extremely dedicated career professionals like Drew. He will take the time to ask questions and analyze the best mortgage for you. Drew works with a top 10 Minnesota based lender, so he can offer extremely competitive pricing and products. He has access to a full spectrum of mortgage outlets, which ensures that he have the ideal solution for you. With in-house processing, underwriting , and closing services, you can rest assured that your loan will close accurately and on time when working with Drew McKinney.

Following his philosophy of repeat customer business, Drew will monitor future interest rate markets, and notify you with any opportunities to save money.

 Thanks again for your business. 

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