What Is Your Financial Analysis?
Inorder to get approved for a construction loan you will need athorough financial analysis. Someprofessionals think that the first place to start is with finding abuilder. Notyet. Your starting point, after you have gathered ideas for your newhome, is to determine whether you have the financial strengthto get the job done. Then, after you are secure in your finances, andhave at least a good idea of what you want in a home, it will be timeto find a builder.
Rightnow though, you need to ask yourself:
Dowe have the financial strength to build?
Thatis the bottom line question,isn't it? Your financial strength will determine the frameworkfor the size, style, composition, andlocation of your home. Inorder to get to the bottom line question,your financial analysis needs to becomplete and accurate.
Showme your money? That's the question your lender will ask.
Youwant to be preparedto give your lender all the answers he or she needs and youwant to be able to do it in a professional andorganized manner. When you are truly organized, it will make apowerful presentation in your loan application.
Therefore,before your lender asks ShowMe Your Money you must prepare and analyze your
Personal Financial Report.
Go on to Step 2:
Personal Financial Report
BuildWisely's Home Planning Guide Helps With Your Financial Analysis
2Personal Financial Report
3Personal Credit Report
4How Much Can I Borrow?
5Debt Reduction Plan
6Protect Your Wealth
7Shop for a Home Loan
8How to Pay a Loan Off
9Government Backed Loans
10Choose Your 1st Mortgage Home Loan
11Your Financial Presentation for Home Loan
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