American Log Mortgage

Log Home Mortgage

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American Log Mortgage
Div. of American Home Bank, N.A.
877-BANK-AHB
(877-226-5242)
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Home Contact Us 1-877-BANK-AHB
Loan Type
Construction/Permanent Loan
This structure is called a 'one-step' or 'single close' loan.
No Interest Payments During Construction
A few lenders offer a 'no interest payment during construction' product.
Separate Construction and Permanent Mortgages
This structure is called a 'two-step' or 'two-close' loan.
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Loan Features
No Interest Payments During Construction

A few lenders offer a 'no interest payment during construction' product.

Properly structured by an experienced lender, this loan has all the benefits of a single close loan, and the additional benefit of the interest payments being rolled into the loan balance during construction.

Aggressive lenders will allow you to either pay the interest when your old home sells, at modification or even to finance the interest into the permanent loan balance.

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