| Many people dream about a log home in
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| | determine your equity. This equity can be
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| their future but never get around to
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| | applied to the purchase of your log home
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| making their dream come true. Here's how
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| | as a down payment, or used to purchase
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| to get past the hurdles and start living
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| | land. Also consider any savings,
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| your dream.Finances are one of the most
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| | investments, or inheritance funds you
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| common reasons many people never live
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| | have that might be applied.Use an online
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| their log home dreams. The reasons may
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| | calculator or visit a bank to determine
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| only be perceived or they may be real.
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| | how much you might be able to borrow.
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| But even if real, it may be possible to
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| | This will depend on your current income
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| overcome the obstacles.First, you'll have
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| | and debt load. Most lenders use a formula
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| to decide on a basic floorplan and house
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| | that limits your future mortgage payment,
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| size. Selecting one of the standard plans
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| | plus taxes and insurance, plus your
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| from a log home company's portfolio
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| | existing debt load (credit cards, car
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| simplifies this process. The company can
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| | payments, etc.) to 36% of your gross
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| tell you the price of the log "kit" and
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| | income. This determines your maximum
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| may be able to give you a "turn-key"
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| | mortgage amount. Add your down payment
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| estimate for the finished house. If not,
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| | and you'll get the amount you can afford
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| you can make a very rough estimate by
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| | to spend on your dream home.If you find
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| assuming that the final turn-key cost
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| | that your dream home is affordable,
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| will be between two and three times the
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| | great. If not, you might be able to scale
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| cost of the kit. This estimate does not
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| | back on your home plans or find
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| account for the cost of land.Understand
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| | additional funds, or both. Sometimes,
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| that this is simply a crude way of
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| | simply waiting a few years solves the
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| approximating the cost of the home of
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| | problem. Often, when you have a dream and
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| your dreams. The objective is to
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| | are committed to it, you will be able to
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| determine if you are even in the ballpark
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| | find solutions through sheer
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| of a cost that you can afford.Consider
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| | determination.Al Hearn is owner and
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| the home that you now live in and what
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| | operator of Log Home Advisor ( where log
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| price it might bring if you sell.
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| | home enthusiasts can find helpful
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| Subtract the amount you still owe on your
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| | information, advice, cost calculators,
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| mortgage plus real estate commissions to
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| | and affordability calculators.
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