With Kennebunk Savings, you are able to move the funding for the acquisition of this land, construction, and permanent framework into one transaction that is easy.
Our construction loan enables you to lock in to a fixed rate of interest also before you break ground! Plus, you can expect interest-only payments through the phase that is initial of which will help you manage the expenses of alternative housing.
Look at Advantages
- Solitary loan closing at the start of construction will save you time and money
- Finance as much as 90% associated with the value of most of your residence
- Gifted land can be utilized as equity
- Interest-only re payment options readily available for 6, 9, or one year
- Major re payments start following the phase that is interest-only
Construction FAQs
What do i must begin the mortgage process?
You will require a contract with an authorized builder, plans, specs, spending plan, along with your monetary packet. To create things only a little easier, we’ve come up with a list of economic documents you need to get ready for the mortgage procedure. Continuar leyendo «One Closing»