Seeking source for Miles or Points for a New Home Construction Loan
Nov 16, 2011 | 9:13 pm
#1
Original Poster
Join Date: Apr 2010
Programs: HGP/SPG: Apprentice Kettle; UA/AA/DL: Journeyman Kettle
Posts: 866
Seeking source for Miles or Points for a New Home Construction Loan
I know of at least one source where one can get miles/points for a mortgage but does anyone know of a source whereby one can get miles/points for a (new home) construction loan?
Nov 18, 2011 | 12:02 am
#4
Original Member
Join Date: May 1998
Posts: 2,513
Not sure, but those who offer mortgages may also offer construction loans. Take a look at the Finance > Home Buying section of my website below and call them to ask.
When I had my home built, after the bids were in, but before I chose the winner, I asked my contractor who eventually won the bid if he would allow me to buy his construction materials from his providers, charging them on my credit cards, then deducting their cost from his bill. He was hungry, so he agreed. Several hundred thousand miles resulted.
When I had my home built, after the bids were in, but before I chose the winner, I asked my contractor who eventually won the bid if he would allow me to buy his construction materials from his providers, charging them on my credit cards, then deducting their cost from his bill. He was hungry, so he agreed. Several hundred thousand miles resulted.
Nov 18, 2011 | 1:45 am
#5
Original Poster
Join Date: Apr 2010
Programs: HGP/SPG: Apprentice Kettle; UA/AA/DL: Journeyman Kettle
Posts: 866
Thanks the reply and tip about buying supplies for the contractor.
The lenders that I have spoken to to-date have told me thst they don't do new home construction loans (for individuals) at this time.
I will checkout your site to see if the results are different.
The lenders that I have spoken to to-date have told me thst they don't do new home construction loans (for individuals) at this time.
I will checkout your site to see if the results are different.
Nov 18, 2011 | 7:30 am
#7
Original Poster
Join Date: Apr 2010
Programs: HGP/SPG: Apprentice Kettle; UA/AA/DL: Journeyman Kettle
Posts: 866
Thanks, but I need a new construction loan not a mortgage loan... well, actually I need a new construction loan that converts into a mortgage without having to close twice.