10 Easy Steps to Financing Your New Home!!

At CDI, we know how insurmountable it seems sometimes to realize your American Dream, with down payment requirements, unseen financing charges and unscrupulous lenders and contractors, building a new home can be intimidating.

At CDI, we are committed to building our customers the best quality homes at the most affordable prices, so you can enjoy years of comfort and the promise of an equitable return on your new home.  We work with several lending institutions to help our customers get the financing that's right for them.

To assist you with your goal of becoming a home owner, we've put together a few tips you can use to see how CDI can "Build Your Future Today".

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1. Checking your Numbers.  The 1st thing you need determine is what kind of monthly payments you can afford.  You'll need to put together a list of your current bills, include you car payments, credit cards, insurance, utilities and other expenses.  Once you have this information, go to CDI's Loan Calculator to get a better idea of your possibilities.  We know this seems like allot at first, but many prospective home buyers are very surprised by how much purchasing power they actually have.

2. Beginning the Financing Process.  Once you've determined the price range for your new home, it's best to go through a financial institution for pre-approval to make sure your are ready to go.  A CDI representative can assist you with several financial institutions to get the loan that's right for you.  Call CDI today to begin getting you and your family on the way to home ownership.

3. Choosing Your Community.  Probably the most important decision before determining the type and cost of your home is where you want to live.  In making this decision you should take into consideration several things, such as where you work, are you single, married, retired, and what type of hobbies you have.  How about children and schooling, do you want to live in the country or is being close to town more your style.  Once you know where you want to be, CDI can give you many housing option to choose from.

4. Choosing Your Home.  Once you know what you can afford and where you want to live, it's time to choose a home that suits your needs and budget.  CDI can help you make the right choice with a variety of floor plans to accommodate a growing family or those who want to relax during their retirement years.  We have many different options available for those who want to build a spacious Dream Home, or something cozy for cold winter nights.

5. Personalize your home.  CDI offers many choices for your new home, including fire place types, floor plan changes, material options, siding, as well many other modifications and amenities to fit any budget or dream.  A CDI "Home Team" representative will sit down and go over these options when your ready.

6.  Deposit to secure your Home Site.  Once, you have determine the amenities and layout of your new home, CDI, like most contractors, will require a letter of intent from your financial institution and a deposit to secure your building site and start the building process. 

7.  Homeowners Insurance.  You will need to obtain insurance on your home through your mortgage company for construction project.   Your CDI representative or financial advisor can give you more information regarding this requirement.

8.  Updates and Walkthroughs.  At CDI we work with our customers to make sure the finished product is exactly what they want.  That's why we encourage our customers to attend regularly scheduled walkthroughs with their building supervisor so that we may answer any questions or approve modifications to keep your project on schedule and within budget.

9.  Changing/Adding your Utilities.  You will need to changed or added your utilities to your new home.  City utilities are usually part of the construction permit in urban areas, but in rural areas, telephone, TV and internet services may be the responsibility of the home owner.  Please consult with your CDI "Home Team" representative or your local utility company for more information.

10.  Final Acceptance and Closing.  When CDI has completed your new home, your will be required to go through the property with a CDI representative to make sure everything is to the proper specifications and to let you know how to operate the different appliances and utilities.  CDI will then provide any necessary completion or occupancy certificates as required and any warrantee information regarding products or services.  CDI will then ask your financial institution to schedule the closing where all documentation transferring ownership of your new home will be completed and final payments accepted.  

Then it's time to celebrate you new home and begin your Future will a quality home built be CDI.