By having a BB&T construction-to-permanent loan, you can combine your great deal and construction funding in a loan that is single. So when your house is complete, we are going to just alter your construction loan up to a mortgage that is permanent.
Best in the event that you
- Desire to grow your main or vacation res have to choose the great deal and fund the construction
- Would really like the choice to prepay without penalty
- Affordable, interest-only re re payments during construction
- Flexible fixed and loan that is adjustable-rate
- No prepayment charges
- One upfront closing with one pair of closing expenses supplies the financing for the great deal, construction and home loan
How can it work?
A construction loan is really a year—used to invest in the construction of your property, from breaking ground to relocating. With a BB&T construction-to-permanent loan, your construction ...