June 16, Fredericksburg, Virginia –Are you a resident of Virginia and looking to build on your lot? Then you must visit Mitchell Homes, Inc., as they are amongst the most experienced builders in Virginia and they have the best knowledge of how to begin construction without requiring a costly construction loan. This can save your $14,762 on a $250,000 loan! Let’s understand how they are able to cut down your costs and save your thousands by below mentioned scenarios-
As compared to the other builders, they do not necessitate buyers to secure a construction loan before starting the construction work. While the home is being built the builder draws on this loan and the buyer pays the interest on this loan during the same period. The interest rate on a construction loan is quite high in comparison with the typical mortgage loan. The major drawback of this construction loan is that the buyer closes on the loan prior to construction starting, which needs even more cash to pay for closing costs. However, Mitchell Homes, Inc. has the financial stability and knowledge through their vast experience and hence they know to start construction without needing an expensive construction loan, which saves the customers close to $5,000 out of pocket in interest expenditures alone on a $250,000 loan.
Mitchell Sleeme founded Mitchell Homes, Inc. in 1992. This is a family owned and operated local business founded in Virginia. Mitchell Homes builds new stick-built homes on the land owned by the customers in Virginia. At Mitchell Homes, they constantly strive to make the home building experience an exhilarating and satisfying one for you and your family.
So, if you are planning to design and build your dream home on your lot in Virginia, Northeastern North Carolina or Southern Maryland, visit Mitchell Homes, Inc. today.
About the Company:
Mitchell Homes Inc. is a family owned and operated local Virginia business building new stick-built homes on land that our customers own in Southern MD, VA and Northeastern NC. They are the only builder who offers experienced landowners the unique opportunity to build on land with No Construction Loan, No Down Payment, and No Closing Costs! They constantly strive to make the home building experience an exciting and rewarding one for you and your family.