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PyraMax Stories & Articles

When it comes to managing your finances, there's a lot to know, and it seems as if things are changing every day! We love educating our customers, and that's why we maintain a thorough selection of stories and articles.

Why Should I Build A Home?

As the weather gets warmer, many people are starting to look at making a move into their dream home. However, the current number of available homes in Southeastern Wisconsin is relatively low compared to previous years. Luckily, there’s another option that people generally don’t consider; building their dream home. There are a tremendous number of advantages to building, and a Construction Loan from PyraMax Bank can help make that dream a reality.

The biggest advantage of building a home is that you get what you would like to have, where you would like to have it. By building instead of buying, you can work with a contractor to design the right house for your family. Many people have at least one aspect of their home that they would like to change if given the opportunity, but by building, everything is exactly how you picture it.

Another advantage of building is that you are not incurring depreciation when you finally move in. Because everything in your house is brand new, it is less likely that any major repairs will have to be made for quite some time. Most homeowners can expect to make repairs on their purchased home within the first five years, but by building, you can significantly expand that timeframe.

How PyraMax Bank makes it Possible

PyraMax Bank offers a variety of Construction Loan products to make building your dream home a reality. Both Fixed Rate and Adjustable Rate Construction Loans are available, and all PyraMax Bank Construction Loans offer the following features:

  • One time closing
  • Convertible option available on Selected Products

In addition to those features, all PyraMax Bank Construction Loans are processed in-house, which can significantly decrease the timeframe that it takes to start construction on your new home. You’ll also work directly with one of our mortgage loan officers, ensuring that you have the right loan for the type of house that you are looking to build.

 

For more information on Construction Loans, contact a Mortgage Loan Officer today.

Millennial Female on cell phone

Parents Influence Millennial Decision Making

When many people think of millennials, saving money isn't often associated with the age group...

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