Some conditions apply to get the next 23 years. This is good if you will be living in the house 5-7 years. Some conditions apply to get the next 23 years. This is good if you will be living in the house 7-10 years. Some of the above loans may feature the option of a pre-payment penalty.
Some investors take up to three years to break even on a loan.
After that, you may pay as much as you want without penalty. A 6-month land acquisition and construction loan providing funds to build your own home. The construction loan then rolls into a 30-year loan at no additional charge. Rates vary depending on credit, income, etc. Great for debt consolidation, home improvements, or anytime you need to take equity out for any reason.