I read the contract line by line and it took us several hours to complete the paperwork with the bank. It also took several managers with the bank. We all realized that there was nothing in the paperwork that explained how the construction loan would convert to the permanent mortgage. Instead we had specific dates in the contract when the construction loan would convert. The construction loan was nine months and the conversion would occur in March 2020. In reality, my house will be ready to move into in September. No one seems to know what to do. What should I do?
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source https://www.reddit.com/r/RealEstate/comments/cjk17v/construction_to_permanent_mortgage/
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