ADVICE FROM AMERICAN
LOG MORTGAGE
and
DETAILS of a NEW LOG CABIN FINANCING PROGRAM.
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OUR ADVICE
Are you working with a lender that
knows how to ask the right questions?
Sure ...any lender can pre-qualify your or
check your credit score. They might even offer pre-approval for their
loan. But, if the lender only finances 1 or 2 log homes a year, will they
remember to ask critical questions that impact log home construction? Does
the lender understand the unique nature of log home construction loans?
Are the other banks and lenders asking the important questions that we ask every
day?
● Does the loan officers know if their underwriters will restrict the appraisal to exclusively log home comparables?
● How many lenders will ask about your milling deposits?
● Will they ask if your manufacturer needs funding for the log kit before it is delivered to the job site/?
● Can you depend on other loan officers to update you during the loan process?
● Do other loan officers solely specialize in log home and timber financing?
The bottom line: Do not wait to find the answers to these questions! Contact Dean Loux at dloux@bankahb.com or call 877-226-5242, extension 6612.
OUR NEW PROGRAM
American Log Mortgage is pleased to announce the newest, most aggressive, lending product available anywhere! No other lender has a program like it!
Log HomeOne will allow eligible borrowers to lock their permanent rate before they break ground. It also saves the customer THOUSANDS of dollars by not paying interest only payments before converting to the end mortgage. Log HomeOne is a great addition to our conventional construction to permanent program.
Here are some of the highlights:
- One closing. No separate
construction loan.
- Locks in the permanent mortgage rate before you break ground.
- All payments include principal and interest.
- Builds equity immediately.
Contact us for additional information.
American Log Mortgage
A division of American Home Bank, NA
3840 Hempland Road - Mountville, PA 17554
www.americanlogmortgage.com
MEMBER FDIC - AN EQUAL HOUSING LENDER
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