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Construction Loan Agreement Fannie Mae  Form

Construction Loan Agreement Fannie Mae Form

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How to fannie mae contract

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Instructions and help about fannie contract

the typical banking institution is going to look at collateral well in construction the Best Collateral you have is your contract of course if you have a piece of property or your own you own your own property you can get funds for that but if the what you really need the funds for is to execute the work in front of you the actual there is not a good Loan program in the Traditional Bank for you to be able to execute the work you have if they do have a program for you you need great personal credit you also need collateral you need time and business you need to be a certain size all of which is difficult because you need cash to get to those points so instead of just getting an equity partner or raising cash or putting all of your cash and money into the business you need some type of source of cash that can understand construction understand how to use your greatest asset which is the work you do in the contracts you have to help you find the financing to execute that work

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