Perm. Loan Term

  • Lizzie Boyer
    Keymaster
    7 years, 6 months ago #2660

    Why is my permanent loan term 89 months and not the full 120 for a 10-year hold?

    Spencer Burton
    Keymaster
    7 years, 6 months ago #3182

    The Permanent Loan term is automatically calculated as the difference between your hold period, in months, and your construction loan term. So if your hold period is 120 months, and your construction loan term is 31 months, then your Permanent loan term is 89 months.

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