New financial product allows deferred construction payments until project completion, aimed at homebuyers and investors.
In today’s episode of The Property Playbook, Tim Graham explores a new financial product alongside Josh Cunningham from Hermitage Building Group and Josh Morse from HomePay. This product allows clients to defer construction payments until the home is completed.
The HomePay product offers a deferred payment structure that differs from standard construction loans. It aims to provide financial flexibility for both homebuyers and investors.
The podcast discusses the significance of this payment deferral model, with Cunningham explaining how it benefits clients and influences their experiences.
Product Advantages
The conversation also touches on the advantages this product offers, addressing common issues faced by buyers and investors. Cunningham mentions that Kingsbridge Homes is one of the few builders approved for this initiative, enhancing client experience.
