Comments for Golden State Construction Loans

Comment on IS it better for one getting loan for home construction on floating interest basis or fixed interest basis ? by Viyoma R

Viyoma R — Wed, 12 Nov 2008 09:57:59 +0000

From Conservative Investment point of view FIXED RATE is better.
However, if the interest rates are slashed ( like in the current sitution)
the borrower of fixed rate loses on the benefit factor.

Fixed interest rates are a good option in volatile condtions, as they maintain the same level of charge in principal.
Floating rates fluctuate with volatality of markets, change in Bank Rates, Repo Rates and CRR-SLR Fluctuations.
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Comment on IS it better for one getting loan for home construction on floating interest basis or fixed interest basis ? by delta

delta — Wed, 12 Nov 2008 09:43:59 +0000

fixed
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Comment on IS it better for one getting loan for home construction on floating interest basis or fixed interest basis ? by ryanlynn2004

ryanlynn2004 — Wed, 12 Nov 2008 09:01:59 +0000

If you MUST get a loan…it is always better to get a fixed loan…you dont know with the economy…your interest rate could sky rocket to 10% if you have a variable…
References :
http://www.daveramsey.com

Comment on IS it better for one getting loan for home construction on floating interest basis or fixed interest basis ? by KD

KD — Wed, 12 Nov 2008 08:19:59 +0000

Go for fixed. if you will choose floating interest , in future you will pay more EMI, I have seen people choose floating rate are paying interest 13% when the same bank is offering loan on 8.5%.
wait for few months, when the interest rate will cut down… then go for fixed rate.
References :
I worked for home loan department in private bank.

Comment on IS it better for one getting loan for home construction on floating interest basis or fixed interest basis ? by Reina

Reina — Wed, 12 Nov 2008 07:58:59 +0000

When applying for a home loan your credit report will be reviewed and you may be required to provide a number of other details, including: Employment and income records, Tax Returns for the last few years List of assets, List of liabilities and what you owe, Your budget showing monthly living expenses so that you can demonstrate an ability to pay.

http://www.worldbestloans.com/homeloans.htm

With this information you and your lender will be able to determine the kind of home loan and size of the right mortgage for you. In some cases, you can obtain a pre-approval or pre-qualified certificate, which shows how much you can borrow so that you can then shop for homes in an appropriate price range.
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Comment on IS it better for one getting loan for home construction on floating interest basis or fixed interest basis ? by papasays

papasays — Wed, 12 Nov 2008 07:36:59 +0000

there is option of 50-50 also.
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Comment on IS it better for one getting loan for home construction on floating interest basis or fixed interest basis ? by abitoflittle2003

abitoflittle2003 — Wed, 12 Nov 2008 07:28:59 +0000

fixed that way you loan stays at the interest rate for the length of the loan floating your rates can go up or down and could cause some people problems with very high payments
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Comment on IS it better for one getting loan for home construction on floating interest basis or fixed interest basis ? by geeyen

geeyen — Wed, 12 Nov 2008 07:21:59 +0000

if reasonably good fixed is my selection.
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Comment on I am in the process of building a house. I would like polished coloured concrete floors but no idea of price? by LizzyMW

LizzyMW — Sat, 08 Nov 2008 00:15:59 +0000

Please answer my question on what color to paint my walls
http://answers.yahoo.com/question/index;_ylt=AjzoqyzjhMyobqSWyewSYpzsy6IX;_ylv=3?qid=20081101063235AApVvAn
References :
Please answer my question on what color to paint my walls
http://answers.yahoo.com/question/index;_ylt=AjzoqyzjhMyobqSWyewSYpzsy6IX;_ylv=3?qid=20081101063235AApVvAn

Comment on I am in the process of building a house. I would like polished coloured concrete floors but no idea of price? by LizzyMW

LizzyMW — Fri, 07 Nov 2008 23:43:59 +0000