Sometimes when you are building a house things can happen that make you uncertain how to proceed. For example, suppose you are building a house and the builder offers to pay your closing costs if you will use the mortgage lender he specifies. Should you take him up on the offer?

Well, it all depends on whether the conditions of the loan are good enough. Under the Real Estate Settlement Procedures Act a builder can offer to pay your closing costs and specify a lending institution. But you are under no obligation to take the offer. If you can find a better offer the builder must allow you to use the mortgage lender of your choice.

Remember, when building or buying a house it is important to compare different builders and lenders. Then you become a knowledgeable buyer and can judge what's a really good deal for you.