![]() Interview your builder and make sure you are comfortable with them. To get your initial list of potential candidates you can obtain references from family and friends or check directories locally and online. Make sure to do some upfront research on several builders and compare your findings. If you are in the UK you may find this mortgage calculator tool useful. You will need to fill out an application for the mortgage and then wait for the lender to approve your loan. Before home construction begins be sure to get your final mortgage pre-approved. Contact several lenders and provide them with the information they need such as your income, assets and debts to find out what size of mortgage you will qualify for. You will need to pre-qualify for mortgage in order to have the funds to finance your new home construction. When it comes to financing, building a home is very similar to buying a house that is already constructed. Get pre-qualified for your mortgage ahead of time ![]() Here are some new home construction tips to help make the process easier for you. Using this calculator you agree to our termsīuilding a new home is very exciting, but does come with quite a few challenges as well.
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