Monday, October 11, 2010

Record Low Interest Rates = A Perfect Time To Build Your Custom Home

Home loan applications are on the rise as interest rates drop to a 45 year low! Increased mortgage applications reveal a frenzy of home buying activity according to industry experts and seems to go against the media reports of a starving economy. Now is the perfect time for buyers to take advantage of these low rates and make owning their dream home a reality. The only sure thing during times like this is that interest rates will not stay this low forever. The M.B.A. (Mortgage Brokers Assoc.) has released several reports of the banking industry preparing for the inevitable “turnaround” when current interest rates rebound. The good news for those in the market to buy or sell is that there has never been a better time in history.

In addition to the record low interest rates currently available, there are also many deals being offered by local land developers to encourage purchasing a home site sooner rather than later. D&D Custom Homes also runs quarterly specials that can still be taken advantage of by signing a contract before the end of the year. There’s never been a better time to build your dream home!

There are many misconceptions about the custom home building process. Obtaining financing is a common concern and often a deterrent for building a custom home, due to the fact that many people are unfamiliar with all the options available to them. Interim financing is a loan held during the construction period of your new home. Upon completion, the interim loan is replaced by a larger, long-term type of financing, usually with a lower interest rate. D&D Custom Homes offers interim financing to qualified customers, often requiring less of a down payment from the buyer, therefore making the process much simpler. Bring the pre-approval letter from your financial institution and let D&D show you how easy building your dream home can be!

Contact us today to set up a “no obligation” meeting to discuss plans, ideas and financing options. Let’s discuss our current specials good through the end of this quarter that would most appropriately benefit you and your family. Few things in custom home building are impossible with the right team working for you! As always, D&D’s goal is to exceed the expectations of our homeowners, deliver a high quality custom home through devotion to detail, and to maintain a continued focus on customer satisfaction during each and every project. Let D&D Custom Homes make the dream of owning a custom home easily attainable.