Archive for the ‘Financing’ Category

Is finding insurance difficult for my new Golden Eagle Log Home?

Saturday, April 21st, 2007

No problem, and the prices are comparable to regular homes. Be sure to take out your policy before any work is started on your land. Talk to your agent because you want to protect yourself from liabilities such as curious neighbors falling into your basement, or worse. You should also make sure any and all sub contractors who will be working on your log home have a certificate of insurance. Don’t be shy to ask. If they are reputable they won’t mind that you have asked to see it.

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What about financing my new log home?

Wednesday, August 30th, 2006

No problem, nowadays log homes are one of the fastest growing segments in the new home market. Most banks, credit unions or mortgage companies can see the value and are eager to lend on log homes. There are even national log lenders like M&T Mortgage, so if you are not happy with your local bank, call them at 888-539-1160. They are very easy to deal with and they do 100’s of log home mortgages every year.

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Why should I get pre-approved for a loan?

Monday, April 3rd, 2006

It is a good idea to check with a bank to see how much they will borrow you and what your payments will be. Otherwise you might be dreaming of too big, or too small, of a log home for your budget. Also see our mortgage calculator Mortgage Calculator to see how much your monthly payment may be.

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