You might own a parcel of land free and clear. You have a construction project planned for your property and you know that you will have to eventually get a construction loan. Securing a construction loan can be a lengthy process and it’s tempting to get start the construction before you get the loan in order to save time.
But contrary to what might seem like common sense, this time saving tactic could ultimately cost you time and delay your project significantly.
Host: Victor Menasce