How an individual ensure are usually dealing along with a mortgage broker who is really a construction loan specialist? Ask lots of questions and do a little bit of research. Here are some tips.

Usually a person pay interest during the construction phase. When the construction is fully gone the balance of the loan is due. A certificate of occupancy will then be given. A certificate of occupancy is issued by the town. It certifies how the building meets all developing and zoning laws and is ready always be occupied.