Financing a Custom Built Home

"One Families Journey" …

Little did we know when our journey started that we would need to obtain a Finance degree. Well, at least that is what it first seemed. We are a family living in the United Kingdom returning to the US and wanted to build a custom home. We had bought previous Builder homes and had no knowledge in the process of building a custom home.

We began discussing our options with various lenders and soon found out that not only did we need to ask very specific questions to get vague answers but we ended up knowing more about the process than they did. Hence, we began our search for a Construction Loan specialist that understood the ins and outs of financing and building a custom home.

In our search, we found three companies that professed to be construction loan lenders and experts. After hours of discussions, it became very apparent who knew this business. Mr. Paul Laak from Charter Lending was the only one that not only provided the information we needed but provided us guidance throughout the entire process. He truly understood the custom home building process and is entirely customer focused when presenting options. There was no need to ask pointed questions, because he freely discussed concerns, rates, options, and timing frames which included a one-time close and float down rate for our loan. He was entirely committed, professional, and frank regarding our needs as customers and what we should look out for during the building process.

Not only was the customer service outstanding, but he saved us 1.5% interest rate on the competition which in turn saved us (his customer) thousands of dollars.

We are very grateful to Paul Laak and his services and we highly recommend to anyone, no matter where they are in the world, to rest easy and leave it to Paul.

Sincerely,

Philip and Julie Ochs

Spring, Texas