What are Builder Upgrades?
Higher quality comes at a cost. Builder upgrades occur when a borrower adds additional features or upgrades their new home above and beyond the original purchase price. This results in more expensive work needing to be done to finish their home design. Undoubtedly, upgrades can be costly and will increase the purchase price, and ultimately […]
What are Custom Build Homes?
Custom-built homes offer a unique opportunity for homeowners to create a living space that perfectly fits their lifestyle and personal taste. What exactly does “custom” mean here with regard to a house build? A custom-built home is one where a client approaches a serviced lot or builder that has acquired serviced lots to sell. However, […]
Mortgage Purchasing Power
How much of a home can I afford? The answer is your mortgage purchasing power. Understanding this can help you to make more informed decisions about buying a home and ensure that you are not stretching yourself too thin financially. The first step is assessing your income. Typically, lenders will use a debt-to-income ratio to […]
