It is Saturday, January 1st, 2022. Frequent rain is keeping the build site muddy, preventing us from starting foundation work. I’m using the weather-caused delay to continue efforts into the myriad of construction details I described in the previous post.
The bank called yesterday to schedule the closing for our construction loan. The lender (Rural 1) was recommended by a friend. They get high marks for overall service, low costs and customer care. Once the home is complete and we pass the final inspection, allowing us to move in; the construction loan will roll over to a 15 year fixed rate mortgage, without any additional paperwork or cost. Of particular interest to us: this lender does not sell their mortgages to other banks.
The picture adorning this post was taken on December 21st – the winter solstice.
This should be an interesting (understated) year…
0 Comments