How To Finance Your Log Home
Financing a log home is not the same thing as financing a tract house in the suburbs. Log homes are a novel concept when placed in a neighborhood setting, thus making it hard for a lender to determine relative value.
Thankfully for those looking to finance a log home, there are an increasing number of lenders who specialize in log home mortgages, making the process of buying a log home easier than ever.
And as if financing a log home was not hard enough, many people find it even more difficult when the economy is sour. Still, despite the mortgage crisis, there are banks willing to lend money for log homes.
3 tips to consider when trying to finance your log home:
- Have enough money for a down payment (20% or more)
- Establishing a relationship with a log home-friendly bank
- Have a list of banks willing to lend for log home construction
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