Mortgage - Building Loan??


B

Brad Smith

We currently have a loan for $***,***. But am only
paying interest on the progress payments during building
stages. Is there a way to setup this type of loan in
Money 2000 for these interest payments on the smaller
amount on the loan?
 
Ad

Advertisements

C

Cal Learner-- MVP

We currently have a loan for $***,***. But am only
paying interest on the progress payments during building
stages. Is there a way to setup this type of loan in
Money 2000 for these interest payments on the smaller
amount on the loan?
Set up the loan to have a 100% balloon payment at the end of the
longest construction period that you can envision. Then refinance
the loan to your regular mortgage.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top