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Loan Application Approved
How to Get a Construction Loan
Step 2 –
Get pre-qualified for a loan. If you know how much you think you want to pay each month on your mortgage, in todays' computer savvy world, you can go on the internet and search "mortgage calculator" to determine home much money you can borrow for a certain monthly payment amount.
How to get a Construction Loan
How to Get a Construction Loan
A large portion of the population has purchased a home, but there are many people out there that would like to purchase land and build a home.
Handling Disputes
Having the Right Mindset for Building Your New Home
Handling Disputes:
Disagreements on a job site may happen but communication and preparation should minimize most disputes.
Realistic Budget
Having the Right Mindset for Building Your New Home
Step 4 –Realistic Budget
Your bank has told you what you qualify for and you know how much extra you may want to spend. This is your budget. Attempt to stay as close to your budget as possible through the
Learn to Manage Obstacles
Having the Right Mindset for Building Your New Home
Step 3 – Learn to Manage Obstacles
Obstacles are a part of life, so there will be obstacles to overcome with your build as well. Remember the majority of your home building process is completed by humans.
Delays
Having the Right Mindset for Building Your New Home
Step 2 – Delays are Part of the Process
There will be delays so learn to manage them.
Mindset
Having the Right Mindset for Building Your New Home
If this is your first home build, having the right mindset will help you get through the process without getting too stressed. This process can be overwhelming for those who have unrealistic expectations. The best advice I can give you is to educate yourself and prepare yourself for this process. Don't let stress ruin this exciting event !