Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase.
This morning I sat down with Barb Adelaine from BankStar. Spring is just around the corner, and so is new construction. Barb talked a little about setting up your new construction loan and the current rate. You can reach Barb at 605.696.8562 or firstname.lastname@example.org. Her office is located at 1301 6th St., Brookings SD 57006 or on the web at www.ebankstar.com
NEW CONSTRUCTION LOANS
Got a question for Barb or any of my lender friends, feel free to email them, or myself at email@example.com
[Shane] Alright. Good morning, everybody. How ya doing? I hope you had a great weekend and a happy Easter. We are getting ready, again, for our 8:15, "Monday Morning Mortgage Tip." I don't know, I think it's number 35, or something like that?
- Getting up there.
- So we're climbing up there, but it is Monday morning. It is 8:15, and I've got Barb Adelaine from Bankstar to go over today's "Monday Morning Mortgage Tip." So, Good morning, Barb. What do you have for us?
- [Barb] Good morning. It's gonna be spring. It doesn't look like it this morning, but it's coming. And we're seeing lots of people that are interested new construction. Running a great special this summer. So, if you're interested, and you have an idea of what your bids and specs will be for the house you're looking at building, give us a call. Our interest rate is 2.9 on that special. 2.98, if you count the fees for the APR. We're also seeing some people who built last year now putting their houses on the market as they move in to those new homes. So we're hoping there will also be some activity in the purchase side. Free pre-approvals, as always here. We'd love to get you ready so that when those houses come on the market, you're ready to make a go at it. Lots of people looking, so you need to be prepared. And, rates are still pretty good. On average, I'd say if you were looking at a 200,000 dollar house, you have good credit and 20% down, you're gonna have house payments, including taxes and insurance, about 17-1800 dollars a month. So that's pretty affordable for most two income families. So hopefully, that will help some people know roughly, they might be able to afford that new house.
- [Shane] Yeah, you bet. So yep, new construction's getting ready there, and I know they're getting ready to start digging some holes in some developments, so come and talk to Barb about those rates there. I'll have all of our information, as normal, on the sides, on the bottom, or on top. Wherever that device allows you to comment. If you have a question for Barb or myself, please mention it or make the comment, wherever you see the area to make a comment. We'd be happy to answer that question on our next episode of the "Monday Morning Mortgage Tip." There you have it. That concludes this week's "Monday Morning Mortgage Tip." Until next week, guys. Have a great week, and stay warm. See ya.