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There are many reasons that a person chooses to build a new home. For instance, when you buy an existing home, you may not always get everything that you want as there are often several compromises you need to make when buying an existing home. However, when you build, you can get everything that you…

Buying a home can and should be a fun adventure. The idea of California residential construction loans can also be stressful, however, if you are unsure of what to expect and what will be involved. Here are some of the steps that you should anticipate when you are approaching the house buying process. Pre-Qualification Your first step…

A construction loan is similar in many ways to a purchase loan or a refinance loan. The lender will be interested in your financial picture. They will need to establish your income and credit history just the same as if you were buying a property. But in addition to your credit they will need to…

When a construction lender determines whether to do a loan or not, they look at certain factors that will help reduce the risk of lending their money for a construction project. These factors include a borrower’s credit score, cash reserves, Loan to Value, Loan to Cost, and Debt to Income ratios. These factors help the…

It is never too early to apply for a construction loan. There are many elements that are involved in the construction process that relate to the loan process. Here are some reasons to begin the process of applying for a loan early: It takes some time to get together cost figures. The lender for your…

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