re: Mortgage-Building a new home

I hear what you are saying. We put our house for sale and it sold in 3 weeks. We moved in with my parents while we were building the house. Which I feared but it was a blessing. We had no bills while we were building the house. Was able to sink a lot of cash into the house and was able to actually take out less in permenant loan than our construction loan. Take what the bank will give you for the construction loan. You are only going to pay interest on the money you take not the whole sum. That way you have a little wiggle room.