How to Get a Construction Loan? » Mortgage Masters Group

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How to Convert a Construction Loan Into a Mortgage – Zacks – Obtaining a Mortgage. The lender will clear the loan to close after you have a certificate of occupancy, and you can use the funds the lender releases to pay the balance of your construction loan. After you have paid this balance, your construction loan will no longer exist, and you can begin making monthly mortgage payments of principal and interest.

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