Buying a house can seem like a trial in Maryland, but with specific goals in mind, you will have a clear vision that you can work towards. It is actually possible to find a house that suits you better than a more expensive home. With Ameri-Star Homes, you can design and build a house based on one of our many attractive floor plans. We also have multiple ways to help you save money on a mortgage; see these tips below!
Working with a New Home Builder
If you want to have a new construction home, you can work with a new home builder to make the process easier. You will have the whole team in one package, including the architect, the builder, and the lender. If you work with Ameri-Star Homes, you will also have an experienced team that can advise you on how to save the most money possible.
One offer Ameri-Star Homes has is preconstruction incentives. These bonuses are deals on new construction homes that include money toward the closing cost and free upgraded features or buying your interest rate down. Preconstruction incentives are like discounts and freebies for homebuyers.
Mortgage loans come in different shapes and forms. You could have one price tag for the home construction and another for the mortgage, but you could also save money by combining these two costs. Ameri-Star Homes can walk you through construction-to-permanent financing here and answer any questions you might have.
Interest rates are a huge concern today, but mortgage buydowns can give you a head start in saving some more money. Mortgage buydowns are upfront payments that allow you to cut down your interest rate by percentages for at least one year. Learn more about what they are and their benefits here.
Saving for a Downpayment
The above tactics are what a new home builder like Ameri-Star Homes can offer you. However, you can also help by consistently saving for as large a downpayment as you possibly can. The minimum downpayment can be as little as 5% of the purchase price, but you can pay more and readjust your mortgage from 30 years to 15.
Figuring Needs vs. Wants
Just because the bank gives you a top mortgage you can afford, you do not have to spend at the top of your budget. Figure out your needs vs. wants and stick to your must-haves.
Let Ameri-Star Homes Build Your New Custom Home!
Ameri-Star Homes was built on the idea that a home is not complete until the homeowner is 100% satisfied. That’s right, completely satisfied homeowners. Whether you want a home built on one of our home sites or on your own land, count on the same high quality from Ameri-Star. We have set out to exceed all your expectations of integrity, affordability, and customer satisfaction. Build lasting memories for years to come with Ameri-Star Homes.