So you’ve found a house which is perfect and you’re ready to buy - but there is that nagging question of whether you can afford the mortgage payments. Don’t be scared off - look into it and determine whether or not you can finally buy that home you’ve always wanted.
1. Look at your finances. […]
All construction-to-permanent loans, especially owner builder loans, have two sets of interest rates - one rate during construction and one permanent mortgage rate once you are done building. If an owner builder can find a way to lock the permanent mortgage rate now, prior to construction, he can save a lot of money over the […]
Owner builder construction loans are specifically designed for borrowers who wish to take on the construction of their own homes without having to hire a general contractor. In this way, the owner builder not only saves a lot of money but also gets a greater amount of control in the outcome and specifications of his […]
It is no secret that we are facing a national foreclosure crisis in the United States. Many homeowners are struggling to make their mortgage payments and are worried how they are going to make it through the holiday season. As a result numerous states are considering a temporary moratorium on all foreclosures through January […]
