BSR

What questions should I ask a lender when getting a loan to build a house?

Some of the advice I’ve already gotten is to ask about bridging payments and whether the payments and interest will remain fixed in time. Any more ideas please?

...asked February 9th, 2012 @ 6:00 am in Loan - Home

Related Questions

  1. I want to buy land to build a house on, how does the loan process work? im a contractor can i build my own?
  2. Im 18 and i want to build credit so i have some questions about secured credit cards?
  3. What should i ask when buying a house from a realtor and what questions should i ask going for a home loan?
  4. Can i claim a tax rebate for the interest portion of a house loan i have taken to build a house in india?
  5. How do i pay off my owner finance loan, split my property and build a house?
41187bigmama
Thumb up 0 Thumb down 0

what is the interest rate. and is this a fixed rate

...answered February 9, 2012 @ 6:37 am


41188ezachowski
Thumb up 0 Thumb down 0

Things like…
1. interest rate
2. fixed or variable rate
3. penalties for late payments
4. length of term of loan
5. monthly payment amount

...answered February 9, 2012 @ 6:55 am


41189homesbydamon
Thumb up 0 Thumb down 0

Before asking about rate and loan programs, first I’d ask “do you offer construction-to-permanent financing?”

...answered February 9, 2012 @ 7:35 am


Answer This Question

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Please note that answers are heavily moderated to maintain a high quality level within this site. Quality answers will appear much quicker than low quality answers. Thank you.