Be aware of your home builder being legal. » Mortgage Masters Group

Getting a mortgage is one of the most stressful parts of buying a home, and it can be hard to get the answers you need in order to understand the mortgage process more fully. To help, this article has put together some of the most frequently asked questions that Motley Fool members ask, along with guidance to point you in the right direction.

You can book a 30 Minute Mortgage Meeting with your local EBS advisor as a good starting point. Getting on top of the paperwork. Once you have your self build mortgage in place you’ll be working hard to manage the budget along the way. Building your own home requires a huge degree of organisation.

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When being approved by a mortgage lender, you should be aware that there is a small but relevant difference between the typical fast preapproval for a home loan versus an underwritten pre-approval. The fast pre-approval usually encompasses a credit report and a loan officer review and can be done in less than a couple of hours.

Building your dream home should be as easy as falling off a log. This article is all about the second stage in the process: Getting your construction loans and permits ready. The world runs on red tape; let’s try to make it less confusing. The house plan featured above is our Main Street Villa plan.

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