We Have Our Home-Construction Loan! How Do We Use It?

Reader Contribution by Jennifer Kongs
Published on April 30, 2015
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The Small Home, Big Decisions series follows Jennifer and her husband, Tyler, as they build a self-reliant homestead on a piece of country property in northeastern Kansas. The series will delve into questions that arise during their building process and the decisions they make along the way. The posts are a work in progress, written as their home-building adventure unfolds.

I’ll admit that signing our home construction loan gave me cold feet about this whole house-building process. Are we sure? Are we making the best decision? Are we right to commit to paying so much? Tyler calmly reminded me that we decided long ago that we’d need a home mortgage to realize our rural-living dreams. We have no bigger goal in life than to operate our homestead, and so the investment is definitely worth it. (And, now that we are contractually bound to the decision, we can leave these philosophical debates to the past … )

While not necessarily riveting, I think anyone who takes out a construction loan to build a home would benefit from knowing how our process is set up. Tyler was familiar with the process and so he helped me understand as we went along, but without him, I would have been a bit lost.

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