With a construction-to-permanent loan, the loan will be converted into a regular mortgage once construction concludes. This mortgage will have either an adjustable or fixed rate.

A construction to permanent loan, on the other hand, allows you to save a step and combine both types of loans into a single borrowing vehicle. Let's break down how it works.

You may find construction loan rates between 3.25% and 4% today. This is because construction loans aren’t secured by a completed home and are, therefore, riskier than traditional mortgages.

Home equity loan interest rate forecast: What experts predict for this year, 2024 If you'd like to tap into your equity to take on a new home improvement project, consolidate debt or something ...