Congratulations!! Who are you financing through? I will be doing the same thing within the next 6 months or so - and I would like to know which companies still offer 100% financing on construction lonas.
demi wrote:Yesterday, went out and bought a brand new house (well, actually a driveway, cause that is all there is right now!). Was prequalified for 100% loan, interest only if I want it. $260,000...in California !!!! Prices have dropped so low, these houses were selling in the $325,000 range a year ago. Almost 1600 square fee, clustered (but separate with yards) "courtyard development" (aka driveway LOL). LOVE the plan. Happenend a little faster than I expected, I still owe 10.3 months a debt managment plan to pay off all bills, but that will be down to 9.3 in a few days (paid today). Loan guy knows all the nasty details, and hopefully they are not stringing me along, I assume they wouldn't be going thru all this otherwise (they made me prequalify before signing). Wish me luck !!!