construction loan: 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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construction loan: 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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construction loan: 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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construction loan: Construction Loan Closing - 11/14/07 08:13 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
… (2 comments)
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construction loan: Construction Loan Processing - 11/14/07 08:10 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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construction loan: Construction Appraisal - 11/14/07 08:07 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
… (1 comments)
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construction loan: Construction Loan (Land+Build Cost+Closing Cost) Based on Appraised Value - 11/08/07 08:43 PM
… (0 comments)
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construction loan: Secrets To Remodelling Your home And Using Future Appraised Value - 11/06/07 09:19 PM
Ever wanted a new kitchen, increase the square footage of your home or even tear down everything but the kitchen sink? Most home owners consider major remodel to their home, but as soon as their finance guy tells them there is not enough equity in their home to utilize on the … (6 comments)
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construction loan: Rebuilding Tempe Arizona - 10/25/07 05:22 PM
Tempe Arizona is not know for its new construction, but because of location and amenities all that is beginning to change. First the condos turned into high-rises now old homes are being tear down to build new single family home. I am proud to be part of a recent project, which … (0 comments)
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construction loan: The “Priceless” Construction Loan - 10/19/07 05:58 PM
Non Refundable building permits: $1400
Custom home plans: $20,000
Lot: $250,000
No mistakes on your construction loan: "PRICELESS"
Building a home can be a very emotional and stressful time for borrowers. There are so many things to think about and actually plan for when building a new home. With proper planning, education and negotiating, buyers … (0 comments)
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construction loan: How to Find Good Construction Loan Information - 10/11/07 07:44 PM
Construction loan information is hard to find. Finding a loan officer is even harder. How does someone find a loan officer that specializes in construction? The builder is a great resource. What if you do not have a builder yet and you turn the the web to find someone?
Go to Google, … (0 comments)
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construction loan: How to select a Builder - 10/10/07 12:52 PM
Choosing the right builder is just as important as choosing the right lender. Your builder needs to be an experienced professional with a proven history of delivering a high-quality product on time and on budget.
Where do you find a builder?
Begin your search with family and friends who know people who have recently … (3 comments)
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construction loan: MAJOR HOME RENOVATION LOAN (REHAB LOAN) - 10/05/07 02:29 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 be … (2 comments)
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construction loan: How to Help Your Customer Feel More Comfortable With Construction Loans - 10/02/07 08:43 PM
How to Help Customer More Comfortable With Construction Loans
What are the reasons people buy resale homes over building thier own custom home?
Tangible product. They can see, smell, 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 … (1 comments)
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construction loan: How to Choose a Construction Loan Specialist - 08/02/07 03:51 PM
How to choose a Construction Loan Specialist
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 … (0 comments)
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construction loan: Is hard money a good source for construction loans? - 08/02/07 03:49 PM
Is hard money a good source for construction loans?
Is hard money a good source for construction loans?
In my opinion using other peoples money to finance real estate is an aged old tradition. And it is true for construction loans as well. There is a great book written by Michael Lechter, … (0 comments)
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construction loan: Building and Selling Spec Homes - 08/02/07 03:48 PM
Building and Selling Spec Homes
Building and selling specs homes...
Any investor and/or builder should consider multiple exit strategies when building spec homes. Every builder/investor hopes to build their spec and then at drywall stage list their home for sell. They cross their fingers and hope that over the next 90 days a contract for sale is … (0 comments)
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construction loan: How Long is the Construction Loan Process? - 08/02/07 03:37 PM
How Long is the Construction Loan Process?
How long is the construction loan process is a question I get a lot. To answer this question a person has to first figure out when the construction loan process actually begins. Construction projects can literally take a year to develop. Finding land, creating plans for the build, … (0 comments)
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