Home Construction Loans
making the right choice in
construction financing
interest only mortgages
You will make interest-only payments on your
mortgage loan for the first five or seven years
of your 30-yr amortized loan. After the set
period, the rates will adjust and the loan will
be amortized for the remaining 30-yr period.
These loans are popular among homeowners looking to buy their first or higher-priced home.
