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Closing A Commercial Mortgage The Easy Way

By admin on June 21, 2011

‘Time is Money’ it’s an old adage. Good timing can also amount to the same thing. Taking action at the right time can make all the difference between an easy commercial mortgage transaction and a major headache of stress and panic. In between the lenders offer and the commitment consider undertaking what you can to [...]

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The Truth About Owner Builder Loan Closing Costs

By admin on February 17, 2010

After owner builders work their way through the maze of owner builder construction loan qualifying, it will be time to close on the loan. This is essentially where you sit down and sign a huge stack of documents that you will never read, or understand if you try. Basically, this is where the owner builder [...]

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What Should an Owner Builder Expect to Pay in Closing Costs for His Loan?

By admin on October 16, 2009

When looking to build your home as an owner builder, you will undoubtedly want to compare loan programs and closing costs. If you want an owner builder construction loan, you will need to make sure you are comparing apples to apples when looking at overall loan fees. A specialized owner builder loan will have more [...]

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How to Choose the Right Closing Agent for Your Owner Builder Loan

By admin on September 13, 2009

Owner builder construction loans are more complicated than simple purchase or refinance loans. Whereas these simple loans are typically involve one easy step, owner builder construction loans on the other hand involve the payoff of the land, the construction loan holdback amount, and the conversion to the permanent financing. In other words, that’s three loans [...]

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Five Creative Ways to Secure an Owner Builder Loan Without a Down Payment at Closing

By admin on August 17, 2009

Owner builder construction loans, like the rest of the mortgage industry, have had to tighten their belts to survive in today’s lending climate. For borrowers who wish to build their own homes, this translates into tougher guidelines to secure financing. However, there are still four creative ways that an owner builder has available to close [...]

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