BANK FINANCING

In keeping with the brutal honesty interlaced throughout this website and our videos, we cannot recommend any one particular loan officer nor any company for financing. Why? Because it just wouldn't have your best financial interests in mind. With the economy the way it is, but more importantly, with the ease of gathering information, the best way for you to acquire outside financing is to simply go on the internet and search for mortgages. Take a look at the APR (annual percentage rate)—not the interest rate—and ask for a good faith estimate to be sent to you. Take the loan with the lowest APR. Some lenders advertise very low interest rates with exceptionally high closing costs. The APR takes all this into account. Paying $6000 in closing costs may produce a loan with higher monthly payments and a true higher loan interest cost than a loan with say $2000 in closing costs and a higher interest rate. Also, we would forget about service and all the pie in the sky promises. What service is the bank giving you that they otherwise wouldn't have to? Nothing. And more than likely the lender providing your funds will sell your loan anyway. Look, we would love to recommend a lender and receive a nice finders' fee but that would benefit only us and the lender. If this still seems like to much work for you we would be happy to help you through the process at absolutely no cost to you.

IN-HOUSE FINANCING

We can sometimes also offer in-House financing if one doesn't quite fit the financing requirements of a lending institution. Since this financing is done by Beyond-Basements we set our own qualifying criteria. This is done on an individual basis and is based in part on the size of the project, amount of down payment, and some other factors. A representative would be glad to go over the specifics with you at your home.

amortization schedule