Show Me the Money!

The first step in building a new home starts long before the foundation is poured. It starts with the most crucial building material – money! Once you’ve selected a house plan, you may want to check out www.slhouseplans.com(a great source to see nearly 1,000 house plans) then it’s time to purchase the lot and select a builder for the job. Because the lot serves as the collateral for construction financing, it can’t be mortgaged or, in some cases when purchased from your builder, the lot is figured into the total selling price of the house. One of the most economical methods to finance a new house is a combination construction/permanent loan. The borrower pays interest only, not principal, during the construction period. The construction loan is then paid in full, and then regular mortgage payments on the permanent loan begin at the end of construction. Keep in mind, the long-term mortgage must be arranged before the construction loan. So, we’ll just see you at the bank!


Southern Living House Plans - www.slhouseplans.com.- has an impressive collection of unique house plans, ranging from Multi-Unit Home Plans, Beach/Coastal Home Plans, small house plans, southern home plans, luxury home plans, and country home plans to Bungalow Home Plans and Traditional Home Plans. Southern Living House Plans also provides floor plans and custom house blueprints. Whatever your needs may be, slhouseplans has a dream solution for you!