American Log Mortgage

Log Home Mortgage

Loan Originators
Pre-Qualify
Apply Online
FAQ
Loan Features
8 Easy Steps
Log Home Brag Book
Log Dealers
Log Manufacturer
Press Releases
Link Your Site to American Log Mortgage
American Home Bank
Links
Contact Us
Homepage
American Log Mortgage
Div. of American Home Bank, N.A.
877-BANK-AHB
(877-226-5242)
log home, log homes, log cabin homes, log modular homes, log home mortgage, log mortgage, log, mortgage, log-mortgage, log house, modular homes, manufactured homes, log loan, loan, American Home Bank, dreams, American log mortgage, American dream
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.
log mortgage page graphic

Loan Features
Separate Construction and Permanent Mortgages

This structure is called a 'two-step' or 'two close' loan. A local bank typically provides the construction financing with periodic draws.

Monthly interest payments are made to the bank. At completion, a 'take-out' permanent loan is obtained from the bank or a mortgage broker.

The two-step structure is commonly available and widely used. The principal disadvantages are:

There are two sets of closing costs (usually title insurance, documentation and loan fees).
Transfer or stamp taxes are not minimized.

Construction cannot begin until all requirements for the take-out financing are completed.

Your situation (employment, cash reserves, family situation) may change before your permanent loan closes, and you may no longer qualify for the loan.

log mortgage page graphic
Equal Opportunity Lender
 Member FDIC  "  © Copyright 2001 American Home Bank N.A.  "  Privacy Notice  "  Terms of service   "   Homepage

RTP Slot Online dan Keamanan Bermain

Bermain RTP Slot Online juga memberikan jaminan keamanan yang lebih baik dibandingkan dengan kasino fisik. Banyak platform menawarkan permainan dengan lisensi dan regulasi yang ketat. Slot RTP Tertinggi di situs terpercaya memberikan pemain ketenangan saat bermain. Dengan cara ini, pemain bisa fokus pada permainan tanpa khawatir akan risiko keamanan.

Related Links