For a home buyer having a new home built or buying an existing older home is a big decision. More first time home buyers are even considering new construction is a great opportunity to personally design their dream home and save big money down the road on the repairs and maintenance costs of owning an … Continue reading Home Construction & You (2 min read)
When you combine a permanent fixed rate mortgage with a short term home construction loan you get a hybrid loan package that may fit your client’s needs perfectly. A Construction-Permanent Mortgage can finance both a home purchase and any construction or renovation costs, including a total knock-down. For homes already owned, equity created by the … Continue reading A Realtors’ Quick Guide to a Construction to Permanent Mortgage
Are you planning a major home renovation project or new home construction on land you own or want to buy? There are special considerations when it comes to the construction financing. A Construction-to-Permanent Mortgage may be the right fit for you. With this complete “one time close” loan package you can even finance the … Continue reading Talking about a Construction to Permanent Mortgage
This unique mortgage product is one loan with one set closing to fund the construction and provide a permanent mortgage. The loan can be used to finance the purchase of the property and the construction costs. If the property is already owned, any equity created when the construction is complete can be used toward the … Continue reading Construction to Permanent Finance 101
One in six Americans currently lives in a multi-generational family household, with three or more generations living together. Some 51 million Americans (16.7% of the population) live in a house with at least two adult generations, or a grandparent with at least two generations, under one roof, according to a Pew Research Center analysis of the latest … Continue reading Building for Multi-Generational Households
A house that may be a good candidate for a teardown is in a desirable location but below the standards of the other homes in the neighborhood. It may be much smaller than average, have serious structural problems, require too many repairs, or have outdated heating, cooling, plumbing or electrical systems. It tends to be … Continue reading Teardown & Rebuild…Easier Than You Think.
A homeowner can finance their renovation project based on the home’s appraised value, after the renovation is complete. In some cases, personal funds may not be needed for the construction costs. This unique feature of a “one-time-close” Construction to Permanent mortgage leverages the home’s future equity created by a major renovation or gut rehab construction … Continue reading Financing a Major Home Renovation (3 min read)