Construction with Don Timlowski
When you need a guide,
Don is here.
Explore our Construction Booklet below and see how we can help.
Don Timlowski
Vice President Mortgage Loan Officer | NMLS ID#: 438931
Branch Location
170 College Ave, Suite 100
Holland, MI 49423
Phone
616.836.4209
Frequently Asked Questions
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What is a Construction-to-Permanent Loan?
A single-close loan that finances both the construction and the long-term mortgage of your home.
How it works: Interest-only payments during construction, then converts to a traditional mortgage with principal and interest payments.
Key Benefit: No need for a second closing, saving time and money. -
Can I act as my own builder/general contractor?
Allowed in some cases with specific approval. You must be a licensed contractor with experience.
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What if construction costs exceed the original budget?
You'll need to cover the difference with personal funds. Prevent overruns by creating a detailed budget and maintaining a contingency fund. Consult your Mortgage Loan officer for significant coverages.
This was our first time getting a building loan. Don explained everything and walked us through the process. He was very patient with us. He took our never-ending calls and appointments. He was always kind and professional. We really appreciate him and Lindsay Ziomkowski for all the help with this loan! They are wealth of knowledge.
I cannot say enough on how great Don and the Mercantile team were during our first home building finance experience. Don was there every step of the way and provided us a reassuring response when we needed it most! We would highly recommend Don and his team to anyone looking for a mortgage or construction loan.
All loans subject to credit and collateral approval.