By: Pioneer Mortgage Services  05-Sep-2012
Keywords: Loans, Mortgages, Mortgage Lenders

Pioneer’s construction loan has the same features as the standard term loan however rather than drawing down the entire loan amount at settlement, the loan is drawn down in stages with each draw down usually coinciding with the number of key construction stages. Borrowers are only required to pay interest on the amount that is drawn down.

Keywords: Loan and Mortgage, Loans, Mortgage Lenders, Mortgage Services, Mortgages

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