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GUARANTEED ASSET PROTECTION ADDENDUMADDENDUM NO.DECLARATION Lender NameAddressCityStateLender No. Financing Contract Date (Month/Day/Year)Lender Phone Numberless Name of Customer/BorrowerFirst Telephone
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How to fill out construction and permanent loan

01
Determine your financing needs for the construction phase and the permanent phase of the project.
02
Research different lenders and loan options that offer construction and permanent financing combined.
03
Gather all necessary financial documents, such as income statements, tax returns, and credit reports.
04
Complete the loan application for the construction and permanent loan, providing all requested information and documentation.
05
Work closely with the lender throughout the approval process, addressing any additional documentation or requirements they may need.
06
Once approved, sign the loan agreement and begin the construction phase of the project.
07
Make regular payments during the construction phase as outlined in the loan agreement.
08
Transition to the permanent phase of the loan once construction is complete, finalizing the terms and conditions for the permanent financing.

Who needs construction and permanent loan?

01
Real estate developers who are looking to finance both the construction and permanent phases of a project.
02
Homeowners who are building a new home and need financing for the construction as well as the long-term mortgage.
03
Commercial property owners who are renovating or expanding their property and require a loan that covers both the construction and permanent financing.
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A construction and permanent loan is a type of financing that combines funds for the construction of a property with a permanent mortgage.
Individuals or businesses seeking financing for a construction project are required to file for a construction and permanent loan.
To fill out a construction and permanent loan, you will need to provide details about the construction project, your financial information, and other relevant documentation.
The purpose of a construction and permanent loan is to provide funding for the construction of a property, followed by a long-term mortgage once the construction is completed.
Information such as the project details, budget, timeline, borrower information, and financial statements must be reported on a construction and permanent loan.
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