We have received the preliminary drawings for our cabin and have also retained a general contractor for the building of the cabin. I'm waiting to hear what the material quote will be. I should be hearing something this week.
After, I receive this quote then I have to go to the contractor and find out how much it will cost to get the kit together and build the cabin. My husband and I would like the home to be in turn key condition b/c neither one of us is very handy when it comes to carpentry.
I am very excited about this and I am also worried.
From what I have ben hearing, the lending standards have become much tighter and there are only a few places that deal with these types of construction loans.
We intend on putting 25% down and we already own the property that the home will sit on. Right now I am trying to figure out how to get my credit score to the 800-850 range so that I will look really good on paper when I go to apply.
November 25th, 2007 at 04:10 pm