- Reduces your expenses to just one set of closing fees instead of two.
- Allows you to build your new home with involvement and approval at each draw request.
- Allows you to lock in your permanent financing interest rate without concerns of what the rate will be upon completion of your home.
- You will not make any fully amortizing mortgage payments until your home is complete. Only payments made during construction are interest - only payments based on accumulated funds that have been disbursed from the loan.