Ascend Capital LendingBuilder partnerships
Rate and completion timing
Construction schedules and mortgage timelines do not always move together. Rate-lock periods, appraisal completion, final inspections, documentation updates, and closing readiness must be coordinated carefully.
Plan for timing risk
A delayed completion date can affect a rate lock, borrower documentation, credit expiration, appraisal validity, cash requirements, and final qualification. Buyers should understand when a rate can be locked, what extension options may exist, and which project milestones must occur before closing.
Regular timing updates allow the lending strategy to adjust as the project progresses and can reduce costly last-minute surprises.