Friday, March 21, 2008

"Looking for the perfect Timber Frame or Post and Beam Home?"

Financing Your Cedar Home Today!

Building your Timber Frame or Post and Beam Home doesn't have to be placed on the back burner. Negative articles on a weak real estate market sells news, but you don't need to fret or worry if you know your financial options. You could examine the option of an interest-only mortgage loan on your beautiful Timber Frame or Post and Beam Home.

Financial Option 101
You can delay paying on your custom timber frame or post and beam home’s mortgage loan principal for up to 10 years by taking out an interest-only mortgage loan. An interest-only mortgage loan will substantially reduce your monthly mortgage payments in comparison to a 30-year, fixed-rate mortgage loan. You can enjoy living in your custom timber frame or post and beam dream home today, rather that tomorrow. This will allow you the benefits of enjoying both homes until you decide to sell one later to pay the principal on the custom timber frame or post and beam home of your dreams.

Interest-only loan mortgages aren't new. They have become very popular with financially savvy clients in recent years due to their payment flexibility.

Learning From The Experts
Interest-only loans fall under the new creative-financing umbrella you hear and read about these days. Lenders can offer monthly payments substantially lower than the payment structure for a traditional fixed-rate mortgage by combining interest-only payments with lower ARM rates.

Approximately 75 percent of all mortgage loans are the fixed-rate mortgage 30-year mortgage. However, since lenders have developed more sophisticated products, it may not be your optimum choice.

An interest-only mortgage loan can cover not only the construction of your timber frame or post and beam home but also include the permanent mortgage loan. You can save money on rates and fees by taking advantage of the single-close construction-permanent loans many lenders provide.

The end result is improving your cash flow and leveraging your finances to help you realize your timber frame or post and beam dream home aspirations, today.

Interest-only financing is only one of your creative options. Consult with a competent financial advisor for additional options available to you.

http://www.cedardesigns.com/timber-frame/index.html

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