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Refinance - Home Equity - 2nd Mortgage - Debt Consolidation - Home Improvement - FHA VA
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Popular Terms 30 yr Fixed
Construction Loans Advantages Many homeowners use construction-to-permanent financing programs where the construction loan is converted to a mortgage loan after the certificate of occupancy is issued. The advantage is that you only have to have one application and one closing. Depending on your view on interest rate trends, you could also purchase a rate-lock agreement valid through the expected completion of the construction. Just make sure you allow for the inevitable construction delays. A construction loan, unlike a mortgage, isn't meant to be around for a long time. If you're taking out a $200,000 construction loan for six months and you pay an extra 0.5 percent on the loan, it costs you an additional $250. (Assumes an average $100,000 loan balance over a six-month construction period.) You may be willing to pay a higher rate on the construction loan if you're doing construction-to-permanent financing and can get better mortgage terms or a longer, better rate lock from that lender.
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Kentucky Construction Loans Construction Loans for Kentucky Homeowners! We've Got Just The Right Loan, For All Types Of Kentucky Homes Including Log, Timber Frame & Modular Homes Construction-To-Permanent Loans
Lot Loans
Remodeler Loans
Bridge Financing
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Mortgage Resources Mortgages 
Kentucky Factoids The Bluegrass state has had a rich history since it became the 15th state on June 1, 1792. The name itself is from the Iroquois Indian word "Ken-tah-ten," which means "land of tomorrow." Abraham Lincoln was born in Hardin County (now called Larue County) on February 12, 1809 (he was the 16th US President, serving from 1861 to 1865). The rolling hills of the state add beauty and charm, while a growing technology sector provides jobs and income to the poplulation. Kentucky prides itself on producing some of the nation's best tobacco, horses, and whiskey. Corn, soybeans, wheat, fruit, hogs, cattle, and dairy products are among the agricultural items produced.
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