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  • Log and Timber Home Living

    FINANCING: One-Time or Two-Time Close?

    Sep 17, 2019 2 minutes

    For years, onetime-close loans were the name of the game for construction lenders. With practical benefits such as less paperwork to financial benefits like long-term rate protection and locked-in interest rates, this type of loan is what approximately 80 percent of borrowers end up choosing.

    However, in the years since the housing crisis, two-time close loans

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