My H and I are leaning towards building a home and I want to know (if you don't mind) how your start up mortgage works. What kind of loan did you take out? How do you pay your contractors? Did you do one loan from startup to closing, or did you take out a construction loan then roll it over into the final mortgage?
I will talk to a loan officer about it, I just wanted a current feedback with how the economy is. My parents built their home 13 years ago and I know things have changed since then.
If you have any other info you would like to throw at me, please do so!