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Prefab Financing

So you want to get a prefab 1. Find a site and establish construction feasibility-before buying it, obviously. Prefab companies will gladly advise you at this early stage at no cost. 2. Buy your land. 3. Pick a home you like. You should also start thinking about customization and installation choices-getting..

So you want to get a prefab1. Find a site and establish construction feasibility-before buying it, obviously. Prefab companies will gladly advise you at this early stage at no cost.2. Buy your land.3. Pick a home you like. You should also start thinking about customization and installation choices-getting an idea of what you'll want to order once you have the financials sorted out.4. Secure your financing. Most companies can recommend lenders who are familiar with prefab financing, though it is always a good idea to do your own research.5. Sign a contract, make a deposit and finalize the design-but be careful. Once the designs go to the factory, there's no changing your mind.6. Figure out permits. With modular prefabs, a lot of the permitting is handled by the prefab company. You will still need to work out site-related permitting (as you would with the construction of a regular house) with the city or town you live in.7. While they're building your house in the factory, you, your contractor, or the prefab company do the site work and preparation for the delivery of your house.8. Your home is delivered. Craning the modules into place only takes a day or two.9. The buttoning up process begins: You'll hook up your utilities, seal the joints where the modules meet, touch up any materials that may have loosened in transit, and so on. The prefab company will help you with this. It can take up to a few months.10. Move in.Getting a bank loanWhen it comes to getting a loan for any prefab, as long as it's not on wheels, there is no difference between it and a regular house. Charles Vides, a lender at Wells Fargo, says: "Most prefabricated homes are single-family dwellings, similar in appearance and characteristics of a site-built home. They must meet local zoning and building codes, and are permanently affixed to a foundation." Because of that, guidelines for loans, terms, and pricing are the same as a typical site-built house.Where financing can get trickyA construction loan-necessary to build a prefab-tends to be more complicated than basic financing. With these you need to "prove" to the lender that your plans are legitimate, and unless you have a big chunk of money up front, you'll require a "draw loan" from a lender. Working with an established firm can make this part of the process far easier. One way to do it, says Todd Jerry of Marmol Radziner, is to "build the prefab portion of the payment as an early item in the budget." But not all banks will do this type of loan: while lender Charles Vides concedes they are out there, it's not standard at Wells Fargo, where they only offer financing once the house is delivered.Can you flip it?In theory, sure. After it's been assembled, your house is indeed a house, and its worth will increase (or, these days, decrease) just like one. Another bonus? "Once it's attached, you're not actually required to reveal that it was built in a factory," says Paul Warner, co-founder of the Michelle Kauffman prefab firm.Kit Houses: An Affordable OptionRocio Romero, of the eponymous kit-home firm, used the home she designed for her parents as the blueprint for her increasingly popular LV kit house series. These modern bungalows can be built pretty much anywhere. They are pre-made, shipped in boxes, and assembled on site by a general contractor (or by you, if you fancy yourself a construction pro). Best of all, they're affordable. Romero is that rare breed of architects who believes good design doesn't have to cost an arm and a leg. "I'm hands down the most affordable," she says, explaining that the final cost depends on what the client wants to spend on customization. Prices range from $25,000 to $50,000. The series is also designed in such a way that one could start small, but add square-footage later.Already popular, Romero believes we'll only see the trend grow. Because of the housing crisis, as well as other cultural and environmental shifts, she adds: "The pendulum is swinging back right now. It's important to live within your means. And I think people are realizing that you need quality space, not a lot of space."


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Center for American Progress Action Fund

Tonight's Democratic debate is a must-watch for followers of the 2020 election. And it's a nice distraction from the impeachment inquiry currently enveloping all of the political oxygen in America right now.

For most people, the main draw will be newly anointed frontrunner Pete Buttigieg, who has surprisingly surged to first place in Iowa and suddenly competing in New Hampshire. Will the other Democrats attack him? How will Elizabeth Warren react now that she's no longer sitting alone atop the primary field? After all, part of Buttigieg's rise has been his criticisms of Warren and her refusal to get into budgetary specifics over how she'd pay for her healthcare plan.

The good news is that Joe Biden apparently counts time travel amongst his other resume-building experience.

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Official White House Photo by Sonya N. Hebert

This election cycle, six women threw their hat in the ring for president, but is their gender holding them back? Would Americans feel comfortable with a woman leading the free world? Based on the last election, the answer is a swift no. And a new study backs this up. The study found that only 49% of American men would feel very comfortable with a woman serving as the head of the government. By comparison, 59% of women said they would feel comfortable with a woman in charge.

The Reykjavik Index for Leadership, which measures attitude towards women leaders, evaluated the attitudes of those living in the G7 countries as well as Brazil, China, India, and Russia. 22,000 adults in those 11 countries were surveyed on their attitudes about female leadership in 22 different sectors, including government, fashion, technology, media, banking and finance, education, and childcare.

Only two countries, Canada and the U.K., had a majority of respondents say they would be more comfortable with a female head of state. Germany (which currently has a female Chancellor), Japan, and Russia were the countries least comfortable with a female head of state.

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Culture
via Gage Skidmore / Flickr

If you are totally ready to move on from Donald Trump, you're not alone. According to a report last April from the Wason Center National Survey of 2020 Voters, "President Trump will be the least popular president to run for reelection in the history of polling."

Yes, you read that right, "history of polling."

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Politics
via Around the NFL / Twitter

After three years on the sidelines, Colin Kapernick will be working out for multiple NFL teams on Saturday, November 16 at the Atlanta Falcons facility.

The former 49er quarterback who inflamed the culture wars by peacefully protesting against social injustice during the national anthem made the announcement on Twitter Tuesday.

Kaepernick is scheduled for a 15-minute on-field workout and an interview that will be recorded and sent to all 32 teams. The Miami Dolphins, Dallas Cowboys, and Detroit Lions are expected to have representatives in attendance.

RELATED: Joe Namath Says Colin Kaepernick And Eric Reid Should Be Playing In The NFL

"We like our quarterback situation right now," Miami head coach, Brian Flores said. "We're going to do our due diligence."

NFL Insider Steve Wyche believes that the workout is the NFL's response to multiple teams inquiring about the 32-year-old quarterback. A league-wide workout would help to mitigate any potential political backlash that any one team may face for making an overture to the controversial figure.

Kapernick is an unrestricted free agent (UFA) so any team could have reached out to him. But it's believed that the interested teams are considering him for next season.

RELATED: Video of an Oakland train employee saving a man's life is so insane, it looks like CGI

Earlier this year, Kaepernick and Carolina Panthers safety Eric Reid reached a financial settlement with the league in a joint collusion complaint. The players alleged that the league conspired to keep them out after they began kneeling during the national anthem in 2016.

Before the 2019 season, Kaepernick posted a video of himself working out on twitter to show he was in great physical condition and ready to play.

Kaepnick took the 49ers to the Super Bowl in 2012 and the NFC Championship game in 2013.

He has the 23rd-highest career passer rating in NFL history, the second-best interception rate, and the ninth-most rushing yards per game of any quarterback ever. In 2016, his career to a sharp dive and he won only of 11 games as a starter.

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