How Do Home Construction Loans Work? 🔨🏠
Вставка
- Опубліковано 28 лип 2024
- 🔨🏠Ready to build your dream home but need help with financing?
Watch the recording from our live stream event, "How Do Home Construction Loans Work?"
You will learn each step of the construction process, from buying the land and picking a builder to allocating money throughout the project and closing day.
Contact us with questions about Construction Loans: www.churchillmortgage.com/?ca...
That’s great stuff learned a few key 🔑 ideas 💡 love the follow up support cause with everything that’s happening with rates up and down you never know you have options that can help….
Great stuff!
I was inquiring about what the best option would be, for building my house/the loan, in the long run. I do have equity in the current house I live in.
Would I be better off:
1: Paying as much off on the current house as possible and just using that as the down payment.
2: Just paying the mortgage as is and saving cash to use as extra down payment
3: Paying off parts of the build as it goes a long, and whatever is left using the equity of the house as the down payment.
Great information thank you.
good to know
Great presentation!
Does the construction loan cover modular homes?
I believe any homes as long they gain from the loans.
Can we be the builder and hire subcontractors? Can we finish it ourselves after the foundation, structural, electrical, plumbing is completed?
They answer this at 42:03 you're welcome.
What about a loan for a granny pod put in our yard. 100% complete one bedroom one bath 500 square feet.
I plan on selling my current home before construction is complete. Can I use the proceeds to lower the principal balance and get a lower monthly payment?
I had the same question. Did you ever get an answer?
Like when construction loan is converted to mortgage after complete, can you cash down the principal or do you have to roll all?
That was the question, right?
Do you have an approved builders list for Lincoln Nebraska?
Please reach out on our website and we can help you connect with a Home Loan Specialist in Nebraska: www.churchillmortgage.com/program/construction-to-permanant?campaign=UA-cam
missclicked again
#1 it's a LOAN!
Simple, they buy you, sell your debt by several banks. You pay them for the debt you owe them, they pay the debt they give to the banks. They earn the profits from the interests and fees they put in with the contract.
It won't happen never I'll wait
U r desperate