I am going to talk specifically about construction loans and why I just LOVE doing them.
Most people who come into my office for a construction loan are bringing a dream with them.
Why is the construction loan my favorite loan to do?
A house that they have envisioned their entire lives and I get to be part of bringing it to fruition.
People are excited.
It IS exciting!! People come in with smiles on their faces and their blueprints in hand and man, I LOVE looking at each and every one of them.
I take it as an honor to be able to be part of helping to make someone’s dream come true…
It could be a home for their growing family…a blended family or for a lot of people, it will be the last home they ever own.
Why don’t more people build custom homes?
I think that people think that the actual loan to GET a construction loan is unattainable.
There is so much MIS information out there…like you have to have 20% down etc. etc.
For most people, that is hard to come by so they just give up.
How much do you really have to have down to build a custom home?
If you have land equity, sometimes it doesn’t take ANY money…in most other cases it is only 5 or 10% down.
Not the 20% that most people THINK they have to have.
It is definitely more attainable to think.
Now, don’t get me wrong though, building a custom home is definitely more expensive…BUT it IS a LOT more in reach for the average family than you may think.
Where can people find more information?
There you can find a plethora of information under the construction tab.
There are brochures that I have made that walk you through the process and answers to frequently asked questions as well.
You can even find additional videos about construction loans there as well.