Financing

Chris got back in touch with me! He had already started working on our loan. I sent him the houseplans, and an updated price estimate for the construction. We'll see what he can do!

New Castle Mortgage wanted every subcontractor bid updated and then they wanted copies of the bids. UBuildIt wasn't to open to that idea. Getting the bids updated fall under our responsibility according to the contract we have with them. It's just a matter of calling the subcontractors and letting them know we need them updated. The problem with that is that we haven't signed-on for the actual construction with UBuildIt. We don't get access to that kind of information until we sign. We didn't want to sign until we get financing. We can't get financing until we show New Castle the bids. So that's the situation we're in there.

Chris didn't seem to need newer bids (not yet at least). We may have to make it official that we are going to use UBuildIt, or find another builder. UBuildIt is going to be a lot less expensive and a lot more work. If we get someone to just build it for us, it will be too expensive. UBuildIt states in the contract that if we sign and the house doesn't get built, we don't have to pay. But if we sign and the house gets built (even by another builder) we have to pay them. So, I'm hoping we can get financing without having to commit to UBuildIt quite yet.