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OT - Construction Loans (archive)
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Posted by DCC on August 05, 2001 at 21:17:50:

Any mortgage people on here...I have a question
How is a construction loan amortized?...is it over a annual period or over a 15/30yr term?
Assuming a $200,000 total construction cost over a 8 month construction period at the rate of prime plus 1
Thanks
Dan



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