By admin on December 23, 2010
Chris Esposito originates owner builder construction loans through a specialized program, Owner Builder 101. It was established to work specifically with borrowers who want to save money by building their own homes without hiring a general contractor. Visit OwnerBuilder101.com, or call (877) 876-3688.
Posted in Business and Finance | Tagged borrowers, builder, construction, documentation, for, income, loans, of, owner, selfemployed |
By admin on November 14, 2010
Owner builder construction loans have not been immune from the pains within the mortgage industry over the last couple of years. In fact, there have recently been some major changes within the world of owner builder construction financing that are worth examining. It’s time to take stock and fully assess your current options for the [...]
Posted in Business and Finance | Tagged builder, construction, fall, loan, of, owner, the |
By admin on May 6, 2010
Getting a loan pre-approval from a lender is a quick, easy process. Typically, you fill out a few pages about your financial situation, the bank runs the numbers through a computer approval system, and you’re pre-approved the next day. So, how do so many people mess it up so badly? Simply put, people lie (either [...]
Posted in Business and Finance | Tagged a, an, application, botch, builder, construction, example, from, home, how, loan, loans, owner, to |
By admin on April 22, 2010
Construction loans, especially owner builder construction loans, are tricky enough when the mortgage industry and housing market is doing well. Things got a lot tougher, though, when lenders tagged certain counties around the nation as being areas of declining values. These counties are known in the mortgage industry as soft markets, and they are having [...]
Posted in Business and Finance | Tagged affect, and, construction, do, how, loan, markets, rates, soft, terms, your |
By admin on March 31, 2010
If an owner builder understands the differences between his construction loan and other, simpler types of mortgage financing, then he will be much better prepared when starting his planning and financing. Owner builder construction loans are a more complicated process than a standard mortgage to purchase or refinance a home. Therefore, they will require a [...]
Posted in Business and Finance | Tagged a, an, and, between, builder, construction, difference, loan, owner, purchase, simple, the, understanding |
By admin on February 27, 2010
People building a custom home, whether acting as an owner builder or hiring a licensed general contractor, often have to be reminded of one simple, vital point: look at the big picture. Owner builders, especially, have a chance to save tens of thousands of dollars being their own general contractor and managing the construction project [...]
Posted in Business and Finance | Tagged a, big, builder, common, construction, losing, mistake, of, owner, picture, sight, the |
By admin on February 13, 2010
Owner Builder construction is a great way to build instant equity into your new home by eliminating the costs of a general contractor. In fact, cutting the overhead of a licensed general contractor can save an owner builder anywhere from ten to thirty percent on construction costs. That’s tens of thousands of dollars in instant [...]
Posted in Business and Finance | Tagged builder, construction, imperatives, loans, owner, the, three |