The benefits of taking out the Standard construction loan are:
- You can finance land and construction simultaneously
- You can calculate the total loan by installments to be paid and choose the best interest rate
- Up to 30 years to repay the loan
Why does Clube Utua recommend the Standard construction loan?
The moment of deciding how your home will be is very delicate and important and many points must be taken into consideration before making the right choice.
Standard’s construction loan is aimed directly and exclusively at those who have already decided to build their property from scratch.
A great point for this choice is that you save a lot on the amounts to be paid for the transfer of property ownership, as happens when buying a property already ready.
In addition, you can build your property the way you want, in the layout that is most comfortable for you.
Author’s Opinion
This type of loan requires greater care and a longer process to be released by the bank.
This is because both for the bank and for the consumer, financing is a risky investment given the long term for discharge and high amounts released.
Of course, before we close a deal of this size, we need to think a lot about the best option for our pocket and well-being.
In the Standard construction loan, you will have to have well defined all the steps that the bank asks you to complete in order to release the amount and also the procedures that the construction of a property requires.
A tip for your pocket
Standard’s construction loan is a product designed for the long term, where the relationship between the bank and the consumer will be close and distant. You have to think and also haggle a lot with the bank to be able to take out the loan with the most appropriate rates for your lifestyle.
As the amounts to be contracted and the total payment period are not fixed or limited by the bank, interest rates vary greatly from contract to contract.
Having your own home is a wonderful achievement and you can be much happier by making the right financing decision!
To take out the Standard construction loan, you must follow a very well-defined scope. Want to find out what the steps are? We’ll tell you right now!
