Is someone you know thinking of building a new home? They’ll want to talk to one of our mortgage lenders about a North Shore Bank all-in-one construction loan. We make it easy: one application, one closing, one loan — and great savings, of course. Here are a few things to know:

• Payments during construction are interest-only.
• During construction, the loan is an adjustable-rate product, with the rate typically locked for three or five years, and then adjusting every year after that.
• With our single closing, payments after construction is finished include principal, interest, taxes, and insurance. Customers who prefer to move into a different fixed-rate mortgage product are eligible for a $500 discount on refinancing closing costs.

Need more information? It’s all here. Or reach out to a mortgage lender today.