Home owners considering applying for a construction loan will find many useful tips in the new ebook, "15 Things You Should Know Before You Even Think About Applying For A Construction Loan." Each year millions of Americans decide their dream home is a newly built residence, often constructed just for them. Maneuvering their way through loans, plans, contractors, government requirements, licenses, and paperwork can often become nothing short of a nightmare.
"Armed with a few important tips, prospective home owners can easily find their way through the maze," says Rick Gomez of Nationwide Construction Loans, who has been in the construction loan business for more than 20 years.
Gomez says the first step is to buy the land your home will go on. "Most people search for building plans first. That can be a mistake. Things will move much faster and you'll get better loan terms if you go about securing your land first along with a pre-approval for the construction loan," Gomez said.
While most new home owners approach their bank for a loan, Gomez said a loan broker is a better bet. "Going to your bank for a loan is like going to a Ford dealer to buy a car -- all your choices are going to be Fords. A broker has access to many different types of loans from different sources and can tailor the loan to your needs," Gomez said.
These tips and many more are included in Gomez's e-book, which explains how new construction loans work. The book has been wildly popular with consumers and is available free for download at Nationwide Construction Loans.
"Read through my e-book, and I guarantee you'll know more than the loan officer when you go in to get your loan," Gomez said.
Nationwide Construction Loans (nationwideconstructionloans.com) is designed to help consumers find the best construction loans, regardless of where they chose to get their loan. The site also teaches brokers and loan officers how to provide their clients with the best construction loans. Additionally, the site features numerous helpful links to other resources. Prospective home owners also have the option of working with Nationwide construction loans sister company 1st Metropolitan Mortgage.
"Building a new home is definitely the best way to own your dream home. We're here to make the process as easy and rewarding as possible," Gomez said.
Potential home owners looking for more information on construction loans should visit Nationwide Construction Loans.