anyone familiar with the construction loan process?
04-28-2012, 09:49 AM
#11
Do whatever allows you to not pay PMI, that's a wasted 75+ bucks a month that only protects the bank NOT you. It might be worth it if it covered your *** if you defaulted but it just protects the mortgage company.
If the builder is an established licensed contractor you shouldn't have a problem. You will have to get the design appraised though. Depends on how the contractor wants to do it as to whether or not you will have to do a draw or straight mortgage.
Once you get into actually breaking ground post up, I can give you a few pointers on the foundation to look for.
If the builder is an established licensed contractor you shouldn't have a problem. You will have to get the design appraised though. Depends on how the contractor wants to do it as to whether or not you will have to do a draw or straight mortgage.
Once you get into actually breaking ground post up, I can give you a few pointers on the foundation to look for.
Thread
Thread Starter
Forum
Replies
Last Post
carid
Sponsor's Announcements, Sales, and Specials
3
10-28-2015 08:24 AM
FlowmasterMufflers
Dodge Engine & Exhaust Performance
0
09-18-2015 02:31 PM
