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Loan Expert Gives Construction Loan Advice to New Home Owners
Posted on May 8th, 2011 No commentsLoan Expert Gives Construction Loan Advice to New Home Owners
San Diego, CA (PRWEB) September 25, 2006
Home owners considering applying for a construction loan will find many useful tips in the new ebook, “15 Things You Should Know Before You Even Think About Applying For A Construction Loan.” Each year millions of Americans decide their dream home is a newly built residence, often constructed just for them. Maneuvering their way through loans, plans, contractors, government requirements, licenses, and paperwork can often become nothing short of a nightmare.
“Armed with a few important tips, prospective home owners can easily find their way through the maze,” says Rick Gomez of NationwideConstructionLoans.com, who has been in the construction loan business for more than 20 years.
Gomez says the first step is to buy the land your home will go on. “Most people search for building plans first. That can be a mistake. Things will move much faster and you’ll get better loan terms if you go about securing your land first along with a pre-approval for the construction loan,” Gomez said.
While most new home owners approach their bank for a loan, Gomez said a loan broker is a better bet. “Going to your bank for a loan is like going to a Ford dealer to buy a car — all your choices are going to be Fords. A broker has access to many different types of loans from different sources and can tailor the loan to your needs,” Gomez said.
These tips and many more are included in Gomez’s e-book, which explains how new construction loans work. The book has been wildly popular with consumers and is available free for download at http://www.nationwideconstructionloans.com.
“Read through my e-book, and I guarantee you’ll know more than the loan officer when you go in to get your loan,” Gomez said.
NationwideConstructionLoans.com is designed to help consumers find the best construction loans, regardless of where they chose to get their loan. The site also teaches brokers and loan officers how to provide their clients with the best construction loans. Additionally, the site features numerous helpful links to other resources. Prospective home owners also have the option of working with NationwideConstructionLoans.com’s sister company 1st Metropolitan Mortgage.
“Building a new home is definitely the best way to own your dream home. We’re here to make the process as easy and rewarding as possible,” Gomez said.
Potential home owners looking for more information on construction loans should visit http://www.NationwideConstructionLoans.com or http://www.CaliforniaConstructionLoans.com.
Contact:
Rick Gomez
619-222-1059
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Need your advice on VA loan and home buying?
Posted on July 31st, 2010 2 comments
Pa V asked:
I plan to buy a house with the VA loan with no money down. But I also have the opportunity to make 25% down payment toward the mortgage. Is it better to buy a home with no money down with the VA loan, and let the house appreciate in value or pay the 25% down payment?
Micheal -
Does anyone have any information on being sued for not being able to pay a home equity loan when you don’t own
Posted on April 23rd, 2010 3 comments
drowning in debt asked:
I had to sell my home on short sale after it being on the market for a year and a half and I simply couldn’t afford it any longer. I had the original mortgage and two home equity loans. The first mortgage was paid off and the two home equity loans removed the lien but still wanted me to pay all the money I owed them. I now rent and am unable to keep up all the payments. The home equity loans are now threatening to sue me. They want a big lump sum and there is no way I can come up with it and they say it is too late to make regular payments. What can I do? What can I expect if they take me to court? How reliable are debt relief company’s. I would really appreciate any advice anyone can give.
Sam