If you have started log home construction, then there are a few things you should know before you get in too deep in the building of your home. There are problems which will arise as you go along and you must be prepared for them, such as the weather. This is probably one of the biggest drawbacks in construction and in construction time is money. Every week your house-sits with nothing being done will cost you money in interest. The best time to plan for the building of your home is ideally for summer to ensure that the walls are up, the roof is on and the windows are installed before winter arrives. This will save you big time in the future.

Another factor when building your cabin is to have easy access for the machinery that will be coming onto your property. This not only applies to your property, but you should check for any bridges that may not take big trucks and machinery going over it. This is very important as you will need access for delivery trucks and at least a fork lift.

If you are planning on getting all your material delivered at once, then you better plan for a space to store them, as they will have to be stored in out of the weather. Then, besides this, you will need some dumpsters for any waste material and potties for the construction crew. There will also be cost for the power that is used during your construction. The power company may forgive a few days, but after that you will be expected to pay. You can make arrangements to have the power company erect a temporary power panel to meet your needs.

These are just a few of the things that you have to plan when your considering building a cabin. You will find it is well worth the planning once your home is completed and you’re sitting out on the deck just soaking up that rustic feeling that these type of cabins give.

By: Jim Poniente

New construction home loans are not the same as your typical, everyday home loans. They tend to have different requirements and adhere to different rules. If you wish to know more about new home construction loans, read on. You just might find an easier way to own your dream home.

The Definition of New Construction Home Loans

When you ask for this type of loan, you’re asking the mortgage provider to give you the money you need to build your own home.

The Basis of Approval

First and foremost, your mortgage provider would require a detailed explanation as well as accounting on the estimated costs for your home-building project. They’d want to know how much experience you have in the field of construction, how much you estimate you’re going to spend on your house and how it’s going to look in the end.

Only after you’ve passed the initial screening, they ask you to submit the usual documents that would enlighten them about your earning capabilities and credit reputation.

The Types of Construction Loans

There are different types of construction loans.

A construction to permanent loan is a two-in-one loan ideal for most people since it would only require you to submit documents and pay closing costs once. This type of loan is a combination of a construction loan and permanent financing. Rather than applying for a construction loan initially, then following it up with a typical home loan, an approved CTP loan can help you save money and time.

A remodeler loan is a second mortgage that’s designed to provide financing for a home improvement or remodeling project.

A bridge loan allows you to use the equity on your present home as down payment for your new home.

Lastly, a lot/land loan gives you the resources to buy land instead of building a home.

By: Kent Pinkerton