A Construction-to-End Mortgage Loan covers the cost of construction and then rolls over into a permanent loan. It is also possible to have this type of loan include the cost of your lot.

• The ownership of the property remains in your name
• It allows you to lock in your interest rate from the start of construction
• With just one closing you save time and money
• During construction you make interest only payments on just the funds that have been disbursed
• Provides peace of mind with both you and the bank controlling the funds

• The bank disburses money only with your approval
• Draws are taken upon completion of foundation, roof, drywall, cabinet installation and after a certificate of occupancy has been issued
• Documentation is provided by the builders that all subcontractors and suppliers have been paid in full for work completed before draw money can be paid