Construction Lenders Rely on What is Known as a “Subject To” Value Appraisal
Appraisals are necessary for any type of loan, because after all, lenders need to know that they can get their money back if someone defaults on their payments!
Reasons Why Fixed Contracts Always Make Sense
When comparing fixed contracts and cost plus contracts, there are major differences that even the most oblivious person will notice.
Five tips to consider when purchasing residential lots and land for your new home
Purchasing a home can be an intimidating process, so you can only imagine how difficult constructing a home is going to be.
What is a “PERC” Test and Determining If You Will Need One
When you are trying to determine whether or not you will need a PERC test, you will need to know whether or not your lot is improved or not improved. Since you probably have no idea what the difference is between those two, let us explain!
Ever Wondered Why It Is Harder To Get Lot and Land Loans?
Some people would rather build a home from the scratch than buy an already existing property from the market.
Determine Which Loan is Best for You When Constructing Your New Home
There are two types of loans that you can consider when purchasing land and constructing a new home. Those two loans are the lot and land loan and home construction loan, and each one is unique with what it offers.