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plans: Challenges of a Construction Loan - 10/30/07 06:07 PM
 People often ask me why construction loans are so difficult?  One would think this is a question a potential client, building their first home, or maybe a Realtor new to the construction arena would ask. Unfortunately this question I get asked most by colleagues in my profession.  Loan officers, processors, and senior loan managers are just a few that are confused by construction loans.
Let me give a little insight to why construction loans are very difficult to figure out (even for those in the mortgage profession).
There are more variables to consider.
Is the land already owned? If so when was it bought, how much, and what … (0 comments)

plans: Construction Loans 101 - 10/30/07 05:56 PM
 
What are the reasons people buy resale homes over building thier own custom home?
Tangible product.  They can see, smell, and touch the new home they wish to buy. Time line.  Most resale homes are available with in 45-60 days. Inventory.  Easier to find an existing home rather than a vacant lot.  Variables.  Building requires: Realtor, land, builder, plans, options, time, patients, vision, trust, etc.... Education.  Many customers that build homes invest more time into their "purchase" and at the same time have to educate themselves with land, building and builder.This list can go on all day long, but the theme of the idea is HOW DO WE HELP OUR … (0 comments)

 

Katie Marchione ~ Community First Financial

Scottsdale, AZ

More about me…

Community First Financial

Address: 7575 E. Redfield Rd. Suite 235, Scottsdale, AZ, 85260

Office Phone: (480) 305-8900 x 315

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