Financial Cents | Arizona's Financial Podcast
Brent Cannon, executive vice president, director of community banking at National Bank of Arizona® is your host of Financial Cents, Arizona’s Financial Podcast. Each episode, Brent invites fellow banking colleagues with decades of experience in the financial industry to provide both financial and business insights that you could only get if you had a friend in the industry.National Bank of Arizona was founded on the mission to build local relationships, deliver financial literacy and exceptional customer service. More than 30 years later this approach has not changed, serving almost all the communities throughout the state of Arizona. By seizing technology opportunities in the 21st-century, National Bank of Arizona continues this approach with the foundation in which this organization was built upon. This financial podcast was created in efforts to continue to connect with consumers and business owners, building relationships with new listeners and currents clients alike. To learn more, check out nbaz.com/financial-cents.
Financial Cents | Arizona's Financial Podcast
Getting a Construction Loan to Build Your Dream Home or Vacation Home
If you’ve been dreaming of building or remodeling your dream home, there can be a lot of financial considerations: what’s the best way to secure a construction loan? What do you do if you’re looking to sell the property you currently live in before moving into the new home being built? What happens with your construction loan once the new home is built and you’re ready to move in? There’s a lot to consider, and we’d certainly understand if you felt overwhelmed about building a home.
In this episode of Financial Cents, Greg Geis, senior vice president and retail mortgage production manager, returns to chat with host Brent Cannon about how simple it can be – for you, your builder and your realtor – to finance or remodel your dream home with National Bank of Arizona.
As Greg explains in this episode, our One-Time Close Construction Loan allows the client to lock in today’s interest rates even though the home may not be completed for another one to two years. Once construction is complete, the loan is then converted to a permanent home loan. And if you’re concerned about potentially having two loans at once – the home you’re building or remodeling and the home you currently own – we can accommodate that, too, since it’s likely you’ll be selling your current home at the end of construction.
But it’s not just the client who can benefit from this type of construction loan – the builder and realtor do, too. With our local construction servicing group located in Phoenix, builders can get funds in as few as 3-5 business days from the time they submit a draw request. For realtors, they can refer clients who may not have identified a property, allow their client to get started in the process earlier.
Hosted by Brent Cannon, executive vice president and director of community banking at National Bank of Arizona, Financial Cents features bankers from around National Bank of Arizona who share the kind of tips and strategies you could only get from a friend in the business.
Subscribe on your favorite podcast platform or view full episodes at nbaz.com/financial-cents.
A division of Zions Bancorporation, N.A. Member FDIC.
Loans subject to credit approval. Terms and conditions apply. See a banker for details.
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