(EMAILWIRE.COM, March 08, 2016 ) California -- The average long-term mortgage rate has fallen again for the sixth straight week. It has dropped to 3.65% from 3.72% last week. California Construction Loans, a reputable financing assistance service in California, stated that this makes it the perfect time for people to get land loans and construction loans to build their dream home. It's also a good time to get remodeling loans as well. Mortgages can help pay off the construction loan, and the current
"Unlike a traditional mortgage, a loan to pay for the land and the construction of a new home is made to last only for the time it takes for the home builders to complete the construction," says Rick Gomez, the branch manager of California Construction Loans. "But a mortgage may be used to cover the construction and land loans, and then the homeowner has a longer time to pay."
However, the falling rates are just the average rates of mortgages. For those looking for the best rates, several lending institutions must be contacted so that the quotes can be compared. This can be a rather tedious process, but this is where the California Construction Loans come in.
"What we do can make the entire process much simpler," explains Gomez, whose own career in construction loans started way back in 1984. "Clients just fill up a simple form on our website, and they can get quotes from up to 4 top lenders in the area."
About California Construction Loans - California:
California Construction Loans operate under the Nationwide Construction Loans, Inc., which enables the company to work with hundreds of lenders in the country. Call them at 866-211-3344 or visit their website at http://www.californiaconstructionloans.com/.
California Construction Loans - Califor
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