Good morning, well we are back to another Log Jamz thursday. It is time to talk financing!
Most often than not the average individual will need to borrow money to build their dream. Most people who have experienced either the purchase or the building of a home know that it can be an involved process.
Log home costruction loans are also just as involved and to a degree maybe even more so. Most banking facilities do not process very many if any at all loans for log home purchase or construction depending on the area that the log home is to be located.
For those that might get discouraged by this do not!! It falls back you the buyer or the builder educating the facility about the home. Most loan approvals for such a home are not just based on a credit approval. There are facilities that specialize in loans for such homes and can be found via the internet, trade shows, and even through trade magazines which offers information about the process.
So with that said it is up to you to be the expert about your new home, or at the very least have someone that can guide you through the process. More to follow down the road!!
Have a great day and enjoy the sunshine!!
Michael
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