In this video we cover how financing and earnest money work when building a new home.
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Lisa Palladino - Focus Real Estate - (303) 564-3734 - Lisa@Focus-Realtors.com
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So, you've decided to build a brand new home... that's great! Now you need to understand how the financial process of a new build home works. In this video Lisa Palladino explains financing, including prequalification, conditional loan approval, earnest money, and final loan approval as well as some common questions.
🕒 Timestamps:
1:04 Builder Contracts
2:00 Prequalification Letter
2:47 Conditional Loan Approval and Earnest Money
4:09 Final Loan Approval/The Drywall Phase
5:25 Common Questions
💥 You may also find value in this video about the new build pricing formula💥
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