Posts Tagged ‘Building Loan’

We are planning on having our home built, but we will also have to sell the home we are currently in?

Wednesday, November 25th, 2009
bbydol221 asked:


So when we get a building loan, we understand that we don’t have to start paying back that loan until construction is finished, correct? So, can we just have the house almost finished, then delay it a little until our house sells, then finish building? This way, we won’t have 2 mortgages.

We are planning on having our home built, but we will also have to sell the home we are currently in?

Wednesday, November 11th, 2009
bbydol221 asked:


So when we get a building loan, we understand that we don’t have to start paying back that loan until construction is finished, correct? So, can we just have the house almost finished, then delay it a little until our house sells, then finish building? This way, we won’t have 2 mortgages.