{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/e6b0868ead5444edbdc7d0ea38ff05e4\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/e6b0868ead5444edbdc7d0ea38ff05e4-e9c164bbe3a3ca76.gif","duration":45.75,"title":"Understanding Construction Loans: What You Need to Know 🏗️","description":"In this video, I explain what a construction loan is and how it can help you finance the building of your new home. A construction loan is a short-term loan with higher interest rates, requiring a down payment of 20 to 30%, a good credit score of 680 or higher, and a debt-to-income ratio below 45%. You'll need a qualified builder and detailed plans to qualify. During construction, you'll make interest-only payments, and you have the option to convert to a permanent mortgage once the home is completed. If you're considering building a custom home, I encourage you to explore this financing option."}