The site and its participants made the build doable. What I mean is, without you guys it would not have been possible. Keep up the good work. Capt. Marc Wren

Amy's Forum Posts: 3
Journal Entries: 3
Interview Answers: 61
Average Forum Rating: 3.00
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Frustrating

Posted to MoeCompound by Amy in Camano Island, WA on 4/9/2009 6:58:34 AM

We met with the third of three generals last night. It's frustrating because the reading that I keep taking away is that it can't be done the way we want it to be done. We both feel strongly that when we complete the financing package, that we want to only finance the parts of the house that we HAVE to, i.e., the foundation, framing, siding, etc. We'd like to pay for the trim-out, appliances, etc. out of our own pockets, because it seems silly to carry a mortgage for 30 years on a stove that lasts for 5-10. Does anyone else have thoughts on this?

Small Timber Frame's Forum Posts: 2 Journal Entries: 1 Interview Answers: 59 Average Forum Rating: 4.00 Send Private Message Image from Small Timber Frame's blog 4/9/2009	Yes; Make SURE that you loan does not have a prepayment penalty, and when you go to close on the final mortgage, put the money for the appliances, et al down on the loan, and for that matter, you may want to add even more than that if you can afford it. Good luck
RogerC's Forum Posts: 51 Interview Answers: 3 Average Forum Rating: 3.36 Send Private Message Randomly Selected Image 4/14/2009	Amy - I hope to use as much cash as possible in my build strategy also.  Why are they telling you that it can't be done?
RogerC's Forum Posts: 51 Interview Answers: 3 Average Forum Rating: 3.36 Send Private Message Randomly Selected Image 4/14/2009	Small Timber Frame - Why not just get a loan for the amount you need to finance and make cash purchases for the items you want to pay cash for?  (Assuming that the financed portion of the build gets you to a Certificate of Occupancy).
Amy's Forum Posts: 3 Journal Entries: 3 Interview Answers: 61 Average Forum Rating: 3.00 Send Private Message Image from Amy's blog 4/16/2009	The message we're getting from our bank of choice (local, small- but willing to work with us in the current economic climate) is they want the package financed to completion, to avoid any chances of non-completion. I understand why... I just don't like it. I do like the bank itself...there's a lot to be said for someone you meet in person, who's familiar with the builders, etc. On another thread...is everyone else seeing a spread of $10k in a $50k package (bid by three yards)...or do I need to go back and revisit each vendor and make sure they bid it properly?

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Frustrating

Posted to MoeCompound by Amy in Camano Island, WA on 4/9/2009

Another picture

Photos

Main location of new house- that's our current house in the very back.

Getting Started

Posted to MoeCompound by Amy in Camano Island, WA on 4/5/2009 2:40:55 PM

Started clearing out just a few trees this weekend to make way for the new house.

Photos

Burn Pile.	Great guns!	Look out, Marty!