Sentences with phrase «loan during the construction phase»
Lock in your interest rate at closing — then, pay only interest on the loan during the construction phase.
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With this method, you close the construction loan and only pay interest during the construction phase.
The interest rate remains the same during both the construction phase and the permanent loan.
This is a single loan, with one single closing date, and a defined set of parameters for how the loan is to proceed during the construction phase and beyond.