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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
is an accommodation and real estate directory, where real estate property owners or real estate agencies connect with vacationers and home buyers worldwide. If you are a seller, you can add listings in few seconds, and if you are a buyer you can search listings to find your dream property!
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Nesgroup address: misc.consumers.house - Date & Time for the message: 22 Jun 2005 16:01:07 -0700
/ Author of the message: johnmolinda@yahoo.com |
Title of the message: |
construction loans/advise
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Text of the message: |
Hello. My wife and I are interested in building are own home, rather than buying a resale. Resale homes where we want to live are now up to $200/sq ft. We've been told you can build your own home for $85-$100/sq ft. In any case my brother is an architect by trade and he is willing to design the house for us. I want to know if anyone can recommend a good construction loan company, or tell us which ones to avoid. As far as I understand, construction loans are lines of credit and you are charged interest as you use the funds from the kitty available. Then when the home is build you can transform the 'construction' loan into a traditional loan pledging the house as collateral. One thing I don't understand is... do you need to own the land free and clear or can you get a land loan also? Also can anyone tell me what fair closing costs are on construction loans? . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.
Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.