Meet construction loans.
With construction loans, as your new home progresses, so do your payments. They’re called ‘progress payments’ (funny that) and they’re charged as key construction milestones are reached. Like:
Then, only when your home is officially move-in ready (yay!), your loan will start to work like any other home loan. Thank you, Construction Finance.
You’re unique, and so is your situation. Sometimes speaking to an expert who can make sense of the financials can make all the difference. Our partners at Oui Finance have got you covered, and their advice comes both cost and obligation-free.
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