That it loan type, whilst it also provides benefits, it’s not in place of downsides. Construction-to-long lasting loan companies usually charges high repaired interest levels, specifically inside the framework stage. This is because the lending company takes into account these funds riskier since it is financial support the new belongings, the construction, plus the financial on the completed household, and it can use to eighteen months before you could key off while making interest-only costs so you can dominating and you can attract repayments on your own financial.