I'm hoping to begin building our home here soon. After 10 months of dealing with insurance and renting I think we can finally get started. Long story short, house was taken by tornado, insurance tried to get over on me, and by the time I could begin building lumber prices were through the roof. But I think we can begin soon.
I have about $125k to put down on the house from the get go. Do I need to go ahead and get a construction loan now? Can I begin building with the money I have now and then get the loan? I just don't know enough about the process and was hoping to get some insight from someone who has gone through something similar.
I have about $125k to put down on the house from the get go. Do I need to go ahead and get a construction loan now? Can I begin building with the money I have now and then get the loan? I just don't know enough about the process and was hoping to get some insight from someone who has gone through something similar.