By admin on September 8, 2010
While it can be very easy to rent a place to live instead of going through the process of buying a home, easier is not always better. As a renter, you likely do not have to worry about when anything goes wrong with your residence because it is the obligation of the landlord to [...]
Posted in Business and Finance | Tagged a, as, consider, home, mortgages, owner, reverse, things, to
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 to [...]
Posted in Business and Finance | Tagged a, an, application, botch, builder, construction, example, from, home, how, loan, loans, owner, to
By admin on April 6, 2010
With all of the recent changes in the mortgage industry, it can be tough to keep up with the different requirements for the different loan programs available. Owner builder construction loans are probably as complex as residential mortgages can get. But, there are some simple rules about your credit scores that can make understanding the [...]
Posted in Business and Finance | Tagged about, builder, credit, everything, know, loans, need, owner, scores, to, you
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 themselves. [...]
Posted in Business and Finance | Tagged a, big, builder, common, construction, losing, mistake, of, owner, picture, sight, the
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 loan [...]
Posted in Business and Finance | Tagged about, builder, closing, costs, loan, owner, the, truth
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
