community first financial: Remodel and Construction Loans - 05/31/08 04:51 PM
Rehab and Renovation
Maybe you like the location, but not the home. Maybe you like the house, but not the kitchen. Maybe you like the home you live in, but want a bigger one. Use of a construction loan can help you build, rebuild, remodel or rehab any home you choose. Most work can … (3 comments)
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community first financial: Arizona Construction Loans - 03/28/08 01:19 PM
Troy Schuricht
7575 E Redfield Rd Suite 235
Scottsdale, AZ 85260
480-305-8905 - office
480-393-8801 - fax
http://www.communityfirstfinancial.com/
http://www.yourlendertroy.blogspot.com/
click to: Google Troy Schuricht!
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community first financial: The Best Loan Options for the Construction of Your Home - 02/11/08 07:24 PM
A C/P or Construction-to-Permanent, also called "One Time Close" is a type of construction loan that rolls directly into your permanent financing once your home has received its Certificate of Occupancy. Typically, the borrower qualifies for the loan to the guidelines of the permanent loan. The borrower can select whatever end … (3 comments)
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community first financial: How to Pick Your Construction Loan Officer - 02/11/08 07:16 PM
How special are construction loans? In a report from Countrywide Home Loans, only 1 in 10 loan officers do more than 1 construction loan per year. So less than 10% do more than one loan per year, this makes finding a loan office that is experienced with construction loans very difficult. … (0 comments)
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community first financial: How much "Skin in the Game" do I need? - 01/23/08 09:22 PM
Maricopa County, the largest county in Arizona and one of the largest county in the USA, had over 22,000 building permits issued in 2007. This estimate is provided to me by Construction Monitor, LLC. With in this 22,000 there were some quite large home built and many of them still being built. … (1 comments)
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community first financial: What is the largest construction loan available? - 01/23/08 09:17 PM
Maricopa County, the largest county in Arizona and one of the largest county in the USA, had over 22,000 building permits issued in 2007. This estimate is provided to me by Construction Monitor, LLC. With in this 22,000 there were some quite large home built and many of them still being built. … (2 comments)
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community first financial: The Best Real Estate News in 2008 is... - 01/15/08 08:20 PM
Interest Rates are at the lowest level we have all seen a long time. Purchases and Refinancing is about to become popular again.
Despite all of the recent well reported real estate related woes, I have great news for everybody. RATES ARE DOWN! And truth be told, rates are actually way down. Rates are … (3 comments)
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community first financial: Construction Loans ? Why and When to Use Them - 01/15/08 08:10 PM
Why use a Construction Loan?Building your dream home, though exciting, may present many challenges. Although you may be familiar with the traditional mortgage process, a construction loan includes additional elements of risk. In a typical construction project, the contractor will request funds when work is completed. Many times a homeowner will … (0 comments)
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community first financial: How do you avoid payments during construction of your home? - 01/10/08 12:41 PM
Use an interest reserve account:
At loan closing, an account is established to pay the estimated interest costs during the construction of the home. Since the borrower is only charged interest on the amount of funds disbursed, an estimate of the average disbursed amount is made. Your construction loan specialists will estimate that, … (2 comments)
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community first financial: Why use a Construction Loan? - 12/28/07 02:18 PM
Building your dream home, though exciting, presents many challenges. Although you may be familiar with the traditional mortgage process, a construction loan includes additional elements of risk. In a typical construction project, the contractor will request funds when work is completed.
Many times a homeowner will build their dream home without the … (0 comments)
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community first financial: Log Home Construction Loans - 12/28/07 10:08 AM
The all inclusive, one-time close, Log Home Construction Loan program will insure that building your log home is a simple and rewarding experience. The log construction loan program will work hand in hand with the Log Home Company of your choice. These programs are specifically designed to provide the funding necessary … (0 comments)
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community first financial: Construction Loan Interest Reserve Account - 12/27/07 08:52 PM
Interest Reserve Account:
At loan closing, an account is established to pay the estimated interest costs during the construction of the home. Since the borrower is only charged interest on the amount of funds disbursed, an estimate of the average disbursed amount is made. Your construction loan specialists will estimate that, on average, … (0 comments)
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community first financial: Unstanding the Costs of a Construciton Loan - 12/27/07 08:46 PM
Understanding the Costs Involved · As you begin the process of building a new home, you'll want to understand the costs associated with your construction and permanent loans. You'll also need to know when the expenses occur so that you can prepare an accurate budget · You can begin construction with … (1 comments)
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community first financial: Benefits of a "Two Time Close" Construction Loan - 12/27/07 08:37 PM
Two Time Close Benefits:
Underwriting guidelines are more forgiving (must show end loan approval in some cases) Up to 24 months to complete construction Wide variety of programs to choose from for the permanent mortgage Flexible down payment options Interest-only payments during construction, with a floating rate based on the prime rate plus … (0 comments)
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community first financial: "Two Time Close" Construction Loan - 12/27/07 08:32 PM
The Two-Close allows for flexibility to make changes while you build. With the Two Time Close, you get construction financing up front and close on your permanent mortgage after the home is completed. Because the permanent loan amount is determined after construction, you can make changes and add enhancements throughout the building … (2 comments)
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community first financial: Benefits of a "One Time Close" Construction Loan - 12/27/07 08:04 PM
One Time Close Construction Loan Benefits:
Finance the lot, home construction costs, closing costs and mortgage into one loan "Build On Your Lot" financing - lot balance is paid off with first draw Loan is based from the "appraised value", in some instances borrowers have a minimum contribution, this allows for low down payments All permanent loan … (2 comments)
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community first financial: "One Time Close" Construction Loan - 12/27/07 07:56 PM
A One Time Close Construction Loan is a mortgage financing option for new home construction. This loan program combines financing for a lot purchase (or lot payoff), home construction costs and mortgage into "one loan".
There are two phases to this loan program: an "interest only" construction phase and a permanent mortgage phase; … (2 comments)
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community first financial: How to Start the Construction Loan Process - 11/21/07 04:34 PM
The options for construction lending have never been better. Construction loans now offer lot financing and construction financing all in one. Years ago the process often required the borrower to first get a lot loan, then a construction loan, and then get a permanent loan when the building process was over.We … (1 comments)
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community first financial: Modifying a Construction Loan to a Permanent Mortgage - 11/14/07 08:18 PM
Troy Schuricht
7575 E Redfield Rd Suite 235
Scottsdale, AZ 85260
480-305-8905 - office
480-393-8801 - fax
http://www.communityfirstfinancial.com/
http://www.yourlendertroy.blogspot.com/
http://activerain.com/tschuricht
… (0 comments)
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community first financial: Construction Loan Disbursement - 11/14/07 08:15 PM
Troy Schuricht
7575 E Redfield Rd Suite 235
Scottsdale, AZ 85260
480-305-8905 - office
480-393-8801 - fax
http://www.communityfirstfinancial.com/
http://www.yourlendertroy.blogspot.com/
http://activerain.com/tschuricht
… (0 comments)
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