Anyone used American Home Partners to finance construction of their home?
July 3, 2009
I’m interested in their services and would like to know approximate % of funds to close and procedures of constructions, plusses and minuses of this program. I will be building in Central Florida and do not own the land. Any information will be appreciated. Are there any similar programs out there? I’m not interested in mortgage brokers since I’m one of them.Thanks
After you purchase your home, you may be interested in this new program. It works well with a 30, 20, or 15 year mortgage. I am currently using a HELOC with a new software program that helps build equity fast, and will payoff my home in less than half the time without refinancing, and without extra payments. It is saving me thousands in interest, and pays off home in less than half the years. E-mail me if interested
from what i know, they will front up the money for property, you pick what house you want, decide how much you want to build, the more you do you cut down on the labor costs, they allow money for each phase of construction you have to budget to complete the phase. everything is included in the price basically, building materials, insulation, drywall, shingles whatever. they front up the money for everything, you then build it paying them back interest
i know of a few people who have used this program and it seems like a really good deal. my advice would be not to take on too much of the work, you might get overwhelmed. they give you like 10 o r 12 months to finish but the quicker your done the less interest to pay them back. im going thru them to build a house myself.