Construction Loan Advice and Tips for Building Your New Dream Home
804 بار بازدید -
11 ماه پیش
-
We tackle key questions about
We tackle key questions about qualifying for mortgages, the differences between buying existing homes and setting up construction loans, and how to navigate the complexities of land ownership and construction processes.
In this informative episode of "The New Home Show," Justin Jankowski and Jon Wendt are joined by Jake Heyroth of US Bank. https://mortgage.usbank.com/wi-steven...
Connect with Jake Heyroth at [email protected] // Office: 715-342-2225 // Mobile: 715-498-9004
With over 13 years of experience, Jake shares his journey in writing thousands of mortgages across all 50 states, providing an unparalleled depth of knowledge. In this episode, we dive into the first steps of setting a home-building budget, the nuances of pre-approvals, and the intricacies of different mortgage programs. This episode is a treasure trove of information for anyone looking to finance their new home build, offering expert advice to guide you every step of the way.
Chapters:
0:00 Jake Heyroth of US Bank Nationwide Lender
0:46 Budget & Pre-Approval
2:07 Information Required
3:17 Why Pre-Approval Matters
4:28 Questions for Construction Loan
4:49 Land Equity
5:47 Land Search Closing
7:02 Cash Liquidity
8:23 If Loan Already Exists on Land
9:11 Land Value 12 Month Cutoff
9:37 Finalizing Original Land Loan
9:59 Splitting Land
11:00 Partial Release
11:38 General Contractor Approval
12:50 The Process Recap
14:16 Nationwide Loans
15:00 Cash Availability
16:19 Permanent Financing
16:50 Appraisals
17:30 Equity If Appraisal Is Lower Than Build Cost
18:00 D.I.Y Homeowner
19:12 Financing Shell Packages
20:20 Timeline of Getting Financing
20:08 Balancing Cash and Loan
22:28 60-Day Timeframe
23:23 12-Month Construction Escrow
24:02 After 12 months
25:25 Interest Rates
25:45 Draw Schedule
27:05 10% Contingency For Overages
28:54 Appraisals
30:14 Contact Jake Heyroth at US Bank
Listen to our podcast on Apple, Android, and Spotify!
https://podcasts.apple.com/us/podcast...
https://subscribeonandroid.com/feeds....
https://open.spotify.com/show/1ski1be...
Looking to build a new home? Call us at 1-800-270-5025
What is THE NEW HOME SHOW?
Your ultimate guide to the world of high-end, luxury homebuilding. We delve deep into the fascinating realm of modern, sophisticated living, bringing you the latest in trending designs, innovative floor plans, and cutting-edge smart home technologies, all tailored for the discerning homeowner. Our focus extends from chic architectural features to exclusive construction techniques and top-tier build science. With expert interviews, opulent idea explorations, practical insider tips, and a keen look at the engineering behind your dream home, 'The New Home Show' is your blueprint to the epitome of refined living. Perfect for home enthusiasts, aspiring luxury builders, and seasoned professionals seeking inspiration, we are building futures, one executive home at a time."
In this informative episode of "The New Home Show," Justin Jankowski and Jon Wendt are joined by Jake Heyroth of US Bank. https://mortgage.usbank.com/wi-steven...
Connect with Jake Heyroth at [email protected] // Office: 715-342-2225 // Mobile: 715-498-9004
With over 13 years of experience, Jake shares his journey in writing thousands of mortgages across all 50 states, providing an unparalleled depth of knowledge. In this episode, we dive into the first steps of setting a home-building budget, the nuances of pre-approvals, and the intricacies of different mortgage programs. This episode is a treasure trove of information for anyone looking to finance their new home build, offering expert advice to guide you every step of the way.
Chapters:
0:00 Jake Heyroth of US Bank Nationwide Lender
0:46 Budget & Pre-Approval
2:07 Information Required
3:17 Why Pre-Approval Matters
4:28 Questions for Construction Loan
4:49 Land Equity
5:47 Land Search Closing
7:02 Cash Liquidity
8:23 If Loan Already Exists on Land
9:11 Land Value 12 Month Cutoff
9:37 Finalizing Original Land Loan
9:59 Splitting Land
11:00 Partial Release
11:38 General Contractor Approval
12:50 The Process Recap
14:16 Nationwide Loans
15:00 Cash Availability
16:19 Permanent Financing
16:50 Appraisals
17:30 Equity If Appraisal Is Lower Than Build Cost
18:00 D.I.Y Homeowner
19:12 Financing Shell Packages
20:20 Timeline of Getting Financing
20:08 Balancing Cash and Loan
22:28 60-Day Timeframe
23:23 12-Month Construction Escrow
24:02 After 12 months
25:25 Interest Rates
25:45 Draw Schedule
27:05 10% Contingency For Overages
28:54 Appraisals
30:14 Contact Jake Heyroth at US Bank
Listen to our podcast on Apple, Android, and Spotify!
https://podcasts.apple.com/us/podcast...
https://subscribeonandroid.com/feeds....
https://open.spotify.com/show/1ski1be...
Looking to build a new home? Call us at 1-800-270-5025
What is THE NEW HOME SHOW?
Your ultimate guide to the world of high-end, luxury homebuilding. We delve deep into the fascinating realm of modern, sophisticated living, bringing you the latest in trending designs, innovative floor plans, and cutting-edge smart home technologies, all tailored for the discerning homeowner. Our focus extends from chic architectural features to exclusive construction techniques and top-tier build science. With expert interviews, opulent idea explorations, practical insider tips, and a keen look at the engineering behind your dream home, 'The New Home Show' is your blueprint to the epitome of refined living. Perfect for home enthusiasts, aspiring luxury builders, and seasoned professionals seeking inspiration, we are building futures, one executive home at a time."
11 ماه پیش
در تاریخ 1402/08/26 منتشر شده
است.
804
بـار بازدید شده