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Help on Home Loan

Help on Home Loan

Question: I have just found the lot I have always wanted. I like to build our house on it.

Can anybody advice me as how to shop for the best home loan (construction and permanent). Should I choose 15 years fixed rate or ARM program? I could use any help on these that I can get.

Answer: Best Selling Home Plans_ magazine sells a “Construction Loan Planner” for $14.95, which includes a booklet on how to shop for the right loan, as well as a list of lender sources to call. You can find the magazine on the newsstand, or call 800-526-4667.

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