Construction Loans – GSB Mortgage MinuteOn December 8, 2019 by Raul Dinwiddie
Welcome to another edition of the GSB
Mortgage Minute Hello my name is Jessica Wallace, mortgage loan officer with Gorham Savings Bank Today I’m here to talk to you about construction loans Building a new home should be an exciting time, not overwhelming which is why we have an experienced team to help guide you through the process For new construction, we offer a single closing construction loan with a 12-month interest only period so you have more cash on hand while you’re building You will also be able to lock your interest rate up front With less to worry about, you can enjoy the fun aspects of building your home like choosing your paint colors and flooring To minimize issues, we require an experienced general contractor. we work with both of you and your builder during your project to make sure things run smoothly and finish on time so you can start enjoying your new
home sooner To find out more about our construction loan program, please visit our website or give us a call.