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Get an Interim College loan. Commonly referred to as a "Construction Loan", an Interim Loan allows you to you could make your home basically pay interest on income you have borrowed thus far. For example, if you approved for $100,000 to your home on a 7% interim loan and you spend get during your initial month of construction then your loan payment would be $0 for the month. However, if you spent $20,000 during a month of construction then you'd pay $117. To arrive at the dpi all elements to do is multiply $20,000 by 0.07 (your APR, or interest rate). The result should be $1,400. Then divide $1,400 by 12 (because their are one full year in the year).
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