The Eastbrook Building Process is a little different from other new home builders, so we partner with a select a group of lenders who understand our process and use the advantages it brings to make financing our client’s new home construction easier.
On today’s At Home with Eastbrook Homes, John brings his 24 years of experience in the mortgage industry to the table to talk about the housing market and how, even though the pandemic has created plenty of challenges, the market is strong and it’s a great time to build your new home.
One of the biggest opportunities for new home builders has been created by the record low interest rates we’ve seen for the past several years. With no evidence that will change anytime soon, it’s a great time to buy or build.
For first time buyers, John highlights the advantages that lower interest rates create and how those rates can be used to create higher purchasing power and make it possible to build a bigger home with a lower payment.
John also discusses other opportunities that lower interest rates create, such as the ability to create wealth through the equity in a home. With home appreciation rates higher as well, it’s easy to build equity in your home.
John also shares his views as a lender on the real estate market and some of the good things happening in the West Michigan, Grand Rapids, and Greater Lansing markets such as the lower cost of living and reputation as a great place to raise a family.
John and Eric also talk about VA loans and why they may be the best loan opportunity on the market today for veterans, active-duty military personnel, and first responders.
John also talks about the myths surrounding the VA loan process and why Benchmark has made it their passion to serve those who have served their country. Benchmark has also worked hard to become an expert in VA loans, growing their services to match their passion for helping those who have served their country.
If you are interested in building a new home in 2021, now is as a great time to get started. Reach out to one of our Expert Sales Agents today and find out how Eastbrook Homes and our team of lending partners can give you more home for the money!