Why Your Down Payment Isn't the Only Number That Matters When You Build
A lot of people in and around Lake City talk themselves out of building a home over a single number they've never actually confirmed. They've heard "you need twenty percent down," they do the math on a house that doesn't exist yet, and they quietly file the whole idea under someday . Here's the thing that number misses: when you build, the down payment is rarely the figure that makes or breaks your start. The more useful question isn't how big is my down payment — it's how much cash do I need available, and when do I need it? Those are two very different things, and confusing them is one of the most common early stumbles I see people make. The down payment is one line, not the whole bill When you buy a house that already exists, the money side is relatively tidy. There's a price, a down payment, closing costs, and you're in. Financing something you're building works differently, because a big part of what you're borrowing against has...