When you plan to build a home, it usually isn’t an impulse purchase. It is a big decision. Many think about building their new home for years. They dream and plan for the day they will be able to build the
Let’s face it, home lending can be complicated to understand. Every industry has its own jargon but the home mortgage industry can be particularly perplexing. Some of this comes from the fact that two
When you decide to build a new home, it doesn’t just happen overnight. Most home buyers that are thinking about building a home have been contemplating it for six months or even years. It’s the same with
There are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone. The average student in the Class of 2016 has $37,172 in student loan debt. The
Banks are averse to risk. This means that when they loan money they typically want collateral to make sure that if they aren’t paid back that they have some type of asset that they
Your credit score is complex, but having a better basic understanding about how it really works can help you to improve your credit report. While there’s more credit score information available than ever before,
The first thing you hear from almost any source when you start to think about building a new home is to check your credit score. Most prospective home buyers then head to websites like
In a recent survey is was found that most Americans (80%) have a basic understanding and knowledge of what a credit score is. Millennials in that survey had a poorer understanding of the basic
Construction Loans Financing Steps
Lenders and custom home builders work with construction loans regularly. A home buyer may build a home one to three times in their lifetime. With all of the recent changes,
Why Are Construction Loans Harder to Get?
Let’s start out by comparing a construction loan to what most people call a home mortgage. Almost everyone that is a home owner, at one time or