Articles for tag: fireplaces, interior decor and accessories, money matters, photo tours inside log homes, stone accents

How Draw Schedules Affect The Financing Of Your Log Home

One of the biggest hang-ups in the process of finding a bank to finance our log home was the 'draw schedule'. The draw schedule is that unique timeline that spells out exactly when the logs themselves will be paid for, when the next installment of payments will be doled out by the bank, etc. It became difficult to get the bank and the log home company to agree on when the actual money would exchange hands. Here's how it went for us.