PODCAST EP 037 - BANKING & Your Custom Home

May 5

BANKING

Welcome to an exciting episode of our podcast, where we have a special guest, Richard Henry, a loan officer from Citizen Bank. In this episode, JD and Richard will discuss the finance process for a custom home, which will be valuable for anyone interested in home loans. Building a custom home requires careful planning and financial preparation, and JD understands the importance of discussing these topics with experts like Richard. You will learn about the process of getting a loan, the different scenarios that people might face when applying for financing for a custom house, and how to know the best processes or products for your custom home. Additionally, you will learn about the concept of Debt to Income (DIT) and how to improve your credit score.

Some key things to listen out for:

First steps to finding out the best processes/products,
How money moves during the construction process
Extended lock for a home loan.
Notable quotes from the podcast include:
A financial advisor is there to help you, not just going to tell you are or are not ready.
You can't do anything if you don't have the finances worked out.

Resources