Mortgages On Main - Need A Loan?  Call M.O.M.



M.O.M's Home Home




Pre-Qualify Online


Today's Interest Rates


About My Credit

  M.O.M. History  
  Why M.O.M.  
  Contact Us  


If your thinking about building a new home or doing a remodel job,
M.O.M can help!

The basic process of financing a home under construction consists of two parts. First, there is the construction loan that actually funds the project as it is being built. The construction loan generally closes prior to starting the project and the money is drawn as it is needed. The nice part about the construction loan is that you only pay interest on the amount that's been drawn. When the project is complete, M.O.M. will convert the construction loan to a permanent loan by refinancing it.

One thing to consider, when financing your new construction project, is when to lock in the interest rate on your permanent loan. M.O.M. has several options to choose from but most often we encourage you to lock when construction begins, so you don't have to worry about what your final payments will be.

While construction financing seems complicated, its easy when you talk to a knowledgable, experienced loan officer who can handle your project from start to finish.

Call M.O.M. today for more information. (320) 763-0666


  equal housing lender

2001-2013 Mortgages On Main. All rights reserved.
Web design and hosting by WyzHost Web Services