About Carteret Mortgage      Apply Online          

Welcome
to Carteret Mortgage!
 Your source for consumer information  

 

Live chat by Boldchat

Option Arms

Construction/Perm

Interest Only Mortgage


Commercial Loans


Real Estate Investor


Refinance

Log Home Financing    

Log home financing is different than financing a "stick built" home. Unfortunately, not all construction lenders are set up to handle the different requirements involved in financing a log home. Most will try to make your log home project "fit" their loan program, rather than fitting the log home financing program to the unique requirements of your log home project. Email log home financing questions

Log home financing packages offer many advantages and payment options.

• Fixed or adjustable interest rates
• Eliminate a second set of closing costs with single close Construction/Perm financing
• Use the equity in your land as down payment
• Finance up to 95% of the appraised value (includes your land and the value of the home)
• Construction periods are available up to one year with your log home financing
• During construction, payments are interest only and only on the funds disbursed
• Draw schedules are customized to meet the unique needs of the log home builder. Your dealer wants to be paid when the package is delivered. Our lenders understand the process and will work with the dealer to ensure there are no delays.

Read more about Log Home Financing Closing Costs

I have written a newsletter covering construction/perm loans, and a log home financing construction FAQ is available.

I have a list of documentation needed to process your loan.

There is a new page detailing log home financing fees.

I have detailed information on log home financing extended interest rate locks with a float down option. 

I have a page on calculating mortgage log home financing qualification ratios.

I have included detailed Frequently Asked Questions and common misconceptions about the process of building your home with a construction/perm loan.

We offer the ability to qualify and close a  construction loan into several unique programs which accommodate borrowers with non traditional income or asset situations. Please visit my No Docs page.

One of the questions I frequently get from my clients is about finding a qualified and reliable contractor. After a great deal of research, I do recommend Reliable Remodeler. I have personally used their free service and was very pleased with the outcome. Please complete their contractor referral form for up to 4 local pre screened contractors.

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.

New! View my Wealthbuilder presentation and learn the safe way to manage your debt and fund your retirement.

I hope the information on this page was useful to you. Please scroll down to view my Mortgage Market Guide. It is a weekly publication explaining the financial markets from a consumer's perspective that is available on this website or by email subscription. I have nearly 8,000 subscribers today and would be happy to have you as well. Your email address will never be used for any other purpose.

   Prequalify for your Log Home Financing