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First-Time Buyers Are Choosing Conventional Over FHA Financing

Pro Builder

First-Time Buyers Are Choosing Conventional Over FHA Financing. An increasing number of first-time buyers opted for conventional, conforming loans rather than FHA-insured mortgages in January. In 2020, 57% of first-time buyers chose conventional financing—a 5% jump from 2019. Financing. cbroderick. Read More. .

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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet.

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What Are the Things Every Construction and Tradie Business Needs To Succeed?

Construction Marketing

Strong Finances and Good Credit When you are about to create your Construction and trade business, finances and budgeting should be among the first things on your list. Finally, make sure to consistently monitor income and spending in order to stay on top of the situation.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Accounting & Finance. All businesses that purchase, finance, and/or lease less than $2 million in new or used business equipment during tax year 2011 should qualify for the Section 179 Deduction. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology.

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What You Should Know Before Taking a Construction Loan

Construction Marketing

A construction loan is high-interest, short-term financing that you can use to custom-build your home. Your lender may also need a prepaid homeowners insurance policy, including the builder’s risk coverage, to ensure you’re financially protected should anything go wrong during the construction process.

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Income Needed to Afford a Home in Every U.S. City

Pro Builder

Income Needed to Afford a Home in Every U.S. metros and the minimum income needed to afford a home. But some less dense cities, such as Toledo, Ohio, only require a minimum income of $17,700 to afford a home. interest rate (not including taxes, insurance and other costs). Financing. cbroderick. Read More. .

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NAHB Research Finds 40.1 Million Households Cannot Afford $175,000 Home

Pro Builder

The National Association of Home Builders’ housing affordability pyramid for 2021 shows the highest priced home households can afford based on their income. Based on this, the minimum income required to purchase a $100,000 home is $22,505. The largest section of the pyramid shows 21.2 In 2021, about 21.1 million households in the U.S.

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