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You are here: Home / Building a home / Understanding the Ins And Outs Of New Construction Financing

July 19, 2011 By leslietp Leave a Comment

Understanding the Ins And Outs Of New Construction Financing

New Construction Financing

When it comes to financing your construction project, there is an art to getting it right. New construction financing can be tricky but when it is done correctly, you will have just the right amount of money for your project. Here are some tips for getting the financing that you need.

Understand the Costs

Before you look for new construction financing, you need to get a feel for all the costs involved with the project. That’s one of the big reasons why it is important to have a contractor that you trust. You need them to be completely up front with what you about what the project entails.

Finding a Great Builder

You will need to figure out if you trust your builder before you look for financing for the project. If you have a bad feeling, trust your instincts and find someone you do trust. When it comes to getting a loan, you need to make sure the contractor is being up front with you.

Applying for the Loan

Once you understand the project it is time to get financing. There are several ways to do this. One of the most common is to apply for the loan at your banks. With new construction financing you absolutely need to make sure you understand the project before you apply for the loan.

If you need help with new construction financing, we offer a no-cost, no obligation consultation please contact us today.

Filed Under: Building a home, Financing

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You should have a conversation with Rob Myers. For twenty years, Myers Homes has offered its customers straight talk, inspirational design, and unparalleled execution. Using a unique team-oriented design/build approach, he can help you build the home of your dreams. Treating the design/build process as a whole allows give you control over the entire process - assuring a quality end result.
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