The Quick and Easy Guide to Finding the Right Builder to Construct Your Dream HomeAre you in the market for a new house? If so, you may be considering having a custom-home designed and built to your specifications. There is no better way to get exactly what you want in a house than to have it built from scratch.

With that in mind, let’s take a look at our quick and easy guide to finding the right builder to construct your dream home.

Have Ideas In Mind Before You Start

Try to have some ideas in mind before you contact a builder. For example, how many bedrooms do you want? Are you interested in a two-car garage? Do you want a suite in the basement or elsewhere on the property for rental purposes? What about an office, workshop, media room, home gym or other amenities? Invest a bit of time in crafting a list, and your builder can help design a home that fits.

Find A Builder Before You Buy Land

At first, meeting with and securing a home builder before having a plot of land might seem premature. After all, you still don’t even know where you want them to build your house! But, in fact, this is the best way to go. A good home builder can help you understand permit rules, city or county regulations, which utilities are available in the area and more. Once they understand precisely what you are looking for in your dream home, they will be able to make an honest assessment of any particular lot. This alone can save you a significant amount of both time and money.

Verify Licensing, References And Past Work

Once you have settled on a potential builder, it is time to start the due diligence process. Ask the builder and any sub-contractors for their license details to ensure they are certified to do the work. Try to chat with at least 1-2 past references as well so you can get an idea of what it’s like to work with them.

Get All The Details In Writing

Finally, there are few financial transactions in life that should be done on a handshake and this is no exception. Your builder is going to have a contract that they will ask you to sign. Have your attorney look this document over and have them add in any specifics that are important to you.

A new construction home can be the ultimate in comfort, convenience, and luxury. When you’re ready to learn more about financing your new home, contact us today.

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You Ask, We Answer: How Do I Know If It's a Good Idea to Refinance My Mortgage?Are you interested in paying less per month on your mortgage? Or perhaps you would prefer if your mortgage was paid off a couple of months – or years – faster? If you are a homeowner with a mortgage, one option that is open to you is refinancing. In today’s post, we will explore the topic of mortgage refinancing and how to know if it is a good idea.

How Does Refinancing Work?

In short, refinancing is a process in which pay off your existing mortgage and borrow a new mortgage under a different set of terms. In most cases, homeowners will use the funds from the new mortgage to pay off the old one. Depending on the terms of your new mortgage, there may or may not be cash left over which you can use to invest, pay down debts, make renovations or for other purposes.

Refinancing To A Lower Interest Rate

Mortgage interest rates tend to fluctuate over time and because of this, refinancing to a mortgage with a lower rate is quite popular. If you initially borrowed your mortgage when interest rates were at 5%, you may be able to lock-in a new mortgage at a lower rate. Note that it can be tough to try to “time” the mortgage market, so check in with your mortgage professional to find out if the time is right.

Refinancing For Lower Monthly Payments

Another great use of refinancing is to reduce the monthly payment required on the mortgage. If you have ten years remaining on a 20-year mortgage, refinancing to extend the payments out to 15 years will lower the monthly payment.

Refinancing To Eliminate Other Debts

Finally, many homeowners will refinance their mortgage to use some of the home’s equity to pay off other debts. For example, a family might have $25,000 in debts that are being charged a higher interest rate than their mortgage. If they have built up enough equity, they can refinance and draw out $25,000 from the home’s value. This shifts the debt from the higher interest areas into the mortgage, where it can be paid off over time.

As you can see, there are many reasons why you might want to refinance your mortgage. To learn more about the refinancing process, or to discuss your options, contact us today. Our professional team of mortgage advisors is ready to help you choose the path that best suits your financial needs.

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3 Key Ways That Driverless Cars Are Going to Reshape How We Design and Use Our Homes

December 13, 2017

Are you ready for the coming shift to driverless cars? While it might seem like some sort of futuristic vision, the truth is that driverless vehicles will be on the road within a few short years. Let’s explore three key ways that driverless cars are going to help to shape how we think about our homes in the very near future.

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The Pros and Cons of a Large Down Payment When Buying a Home

December 12, 2017

If you are in the market for a new home, one of the considerations you will need to make is how much to invest in your down payment. Let’s take a quick look at some of the pros and cons of making a large down payment when buying your next home.

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What’s Ahead For Mortgage Rates This Week – December 11, 2017

December 11, 2017

Last week’s economic reports included readings on projected top housing markets for 2018, weekly readings on mortgage rates and new jobless claims. Labor sector readings on private-sector job growth, private and public-sector job growth and the national unemployment rate were released. Projected top housing markets in 2018 were also released.

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‘Pine’-ing for a New Look? 3 Ways You Can Use Wood Features to ‘Spruce’ up Your Home

December 8, 2017

Whether you are renovating an older home or putting the finishing touches on a new one, you would be amiss if you did not consider how to include furniture and other items made of wood. With a diverse range of colors and textures, wooden features are a must-have for any modern home design. Let’s take a look at three ways that you can use wood to add a little spice to your home decor.

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Did You Know: Why New Construction Homes Are A Top Choice For Today’s Home Buyer

December 7, 2017

Are you in the market for a new house? If so, you may have been comparing your options when it comes to open listings on the local market. One decision you will need to consider: do you want to purchase an existing home or build a new one? Let’s explore a few reasons why new construction homes are a popular choice for today’s home buyer.

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Downsizing? Here’s What You Can Expect When You Move From a House to a Condo

December 6, 2017

Whether the kids have moved out or you just aren’t using the extra bedrooms, having a house that feels ‘too big’ is rarely fun. In today’s post, we will share a few changes you can expect when you downsize from a large house to a smaller apartment or condo.

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Buying in 2018? Get Your Down Payment Ready Now by Tapping These Helpful Sources

December 5, 2017

Are you in the market for a new house or condo in 2018? With the new year just around the corner, now is the time to get all of your financial details in order. As you may know, buying a home is a significant financial transaction. But it all starts with your down payment, which is the lump sum that you invest in order to purchase the home.

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What’s Ahead For Mortgage Rates This Week – December 4, 2017

December 4, 2017

Last week’s economic releases included readings on new and pending home sales, Case-Shiller index readings for September, and construction spending. Weekly readings on new jobless claims and mortgage rates were also released.

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