Since
building your own home is a major investment wouldn’t it be nice if you knew
your monthly payment was going be to much lower?
In most
cases the “instant equity” you have generated in your home during the
construction process is enough to eliminate the need for mortgage insurance
saving you hundreds of dollars each month.
Consider
Randy and Emily’ monthly payment. Under the
Instant Equity
example it was shown that their mortgage would be much less than the
Anderson’s. See below why that makes such a financial difference each month.
