Media Kit, Construction Loans Center

Media Kit Archive

For Current Information Go To "Media Kit" Main Page

January 7th, 2005

    Construction Loans Center is to get a new skin.

    Since the launch of our website in 1999, thousands of visitors have benefited from the information contained in these pages. However the present design has become somewhat dated and it is in need of a face lift.

    The new site will have a fresh look but the contents will remain the same for the time being. Slowly but surly construction loans will be even better explained as we will start updating the content.

January 15th, 2005

   New site design is nearing completion and scheduled to be launched by 15th of February, 2005. Enhancements for the new site include but are not limited to an interactive help interface and a sophisticated calculator.

   Construction loans are calculated using more complicated methods than regular mortgage loans and as such the loan amount calculation normally needs a sophisticated spread sheet that is not available to the average borrower. This problem will be solved by construction loan center's exclusive calculator.

    The help interface is based on a sophisticated software that searches its knowledge base in response to questions typed in by visitors and presents answers. At the beginning it will have a limited knowledge base and will refer some questions to human editors. As the new answers are being inputted by the human editors the system adds to its knowledge base and starts expanding its capabilities. As time goes by the system will "learn" more and more about construction loans and will eventually become autonomous.       

    We are hoping that these enhancements will become available some two weeks after the launch of the new site.

November 30th, 2004

   Construction Loans are becoming ever more popular but most people have difficulty understanding how they work. This is made more complex by the fact that unlike conventional loans, every investors uses a different formula to calculate the loan amount.
   To better serve our clients needs we have embarked on programming a new page that will ask the visitor some basic questions and then calculate all the various options available under 4 different construction loan programs.
   This new page will be available by Mid January 2005.

October 10th, 2004

   Construction Loans Center is pleased to announce the addition of a new investor to our already extensive line up.
   A very unique program that is offered by this new investor is a variation on the theme in that the permanent loan rate is determined at close of escrow but the construction period loan is set at prime plus one.
   Under the guidelines of this program there is no need for an extensive contractor package. All that is required from the contractor is to supply a copy of his or her contractors license and to sign the disbursements agreement.

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