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Financing a Custom Residential Project: What the Residential Architect Needs to Know

Jul 31, 2014 @ 12:00 pm - 1:00 pm

Being a well-rounded architect requires knowledge in diverse areas of expertise and talent. This course will help you become conversant with the language of finance so that you can better interact with your residential clients around concerns about affordability and what their financing needs mean to the success of your project. Please join the Capital Area CRAN (Custom Residential Architects Network) and George Mason Mortgage for an enlightening presentation about the financing process for custom residential projects. Through this seminar, you will gain a better understanding of financing options available for your residential clients. You will learn the difference between a conventional construction-to-permanent loan and a government FHA 203(k). As you meet with clients, you will be able to communicate what costs banks generally allow to be financed in a construction loan. You will understand the loan process, time frames in the lending process, and what is required to assist clients in getting the best value for their new home, renovation, or addition.

After attending this presentation, participants will be able to:

1. Summarize the loan process;

2. Describe the financing options available for their residential clients;

3. Explain what costs banks allow to be financed in a construction loan;

4. Identify what is required to assist their clients in getting the best value for their new home or renovation/addition.

1.0 LU

Presented by Pat McGloon, Senior Loan Officer, George Mason Mortgage, LLC

FREE for AIA members, Assoc. AIA, and Students; $10.00, Non-members. Lunch provided by George Mason Mortgage, LLC.

For more information about the Capital Area Custom Residential Architects Network: http://capitalareacran.org

For more information about AIA Potomac Valley: http://aiapv.org

Details

Date:
Jul 31, 2014
Time:
12:00 pm - 1:00 pm
Event Category:

Organizer

AIA Potomac Valley
Phone:
301-935-5544
Email:
info@aiapv.org

Venue

George Mason Mortgage, LLC
6550 Rock Spring Drive, Suite 655
Bethesda, MD 20817 United States
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info@aiapv.org
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3907 Metzerott Road
College Park, MD 20740
301.935.5544