Ameripanel financing cost guide
To begin building your new home, the first thing you'll
need to do is determine what kind of financing you will
need and where you want to obtain it. You can obtain financing
locally, or you can choose to go with one of our finance
companies. We have relationships with several different
finance companies you can choose from and if you choose
to go this route the best way to do this is to contact
our office by phone or fill out the form on the next page
with all your pertinent financial information. Once this
form is filled out and sent in, they can start your pre-approval
process immediately.
Once you receive this pre-approved commitment letter
from the finance company, you can start to shop for the
home of your dreams with confidence knowing how much you
can afford, and you'll have the opportunity to take advantage
of an interest rate you are comfortable with. Once you've
chosen the home that's right for you, a loan application
will be filled out and you'll be on your way to becoming
a home owner. Once the loan application is received it
is sent to a processing department and then for underwriting
approval. After your loan is approved, an appraisal on
what will be your new home is scheduled based on the value
of the land plus construction costs. Draws are scheduled
and paid to you and your builder (if you have one) based
on a customized disbursement schedule of a construction
loan. Once the home is completed your construction loan
is converted to a permanent mortgage.
Please click on the link below
to go to our Pre-Qualification application form to get you
on your way to becoming a new homeowner.
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It's
fabulous! SIPs are a proven technology that deserve much greater
application in the building industry.
