Is anyone else tired of hearing the words "recession" or "down economy"? I know I am. The truth of the matter is that the time to build is now! Lumber prices are at record lows, contractors are low-balling eachother for work, and interest rates are in the bucket. The real problem lies in the loan approval process. With the recent crisis in the banking market, banks have nearly sealed their loan departments shut. Many banks are requiring a certain percentage of the actual loan total in deposited cash before they will seriously considering your loan approval. Now is the time for those smart consumers who have a decent chunk of change stashed away in the bank. There is some great information at http://thegreatloanblog.blogspot.com/.
The housing industry needs your business, which reinforces my argument that now is a great time to build. Research your home project at http://homebuilding101.blogspot.com/. A smooth project starts with good research. Know what you can afford and what you want to find a good balance as a solid foundation for your new home. If you are currently working on a home project or in the process of starting one, please feel free to find more information at http://jessepcooper.com.
Happy building!
My boyfriend could sure profit from people choosing to build again. Unfortunately people just seemed too scared lately and it doesn't help with the banks being so stingy who they lend to either. We would love to build our own home, but our credit is just too icky and even as first time homeowners I don't think we'd stand a chance at getting a loan.
ReplyDeleteI like how you included a lot of links for further information,ect. The material is well presented, organized and written. I do struggle with your top titles though. I usually have to read them two or three times in order to knwo what the post is going to be about. Great Job, and great topic!
ReplyDeleteThis post is my preliminary mess. Going backwards from the new posts to this one is pretty embarassing.
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