Like a regular construction loan, you will make only interest payments during construction. However, instead of asking you to pay the balance of the construction loan after your home is complete, the lender will automatically convert the loan to a standard mortgage, and you will begin paying both principal and interest each month.
Manhattan, Kansas is GMT/UTC - 6h during Standard Time Manhattan, Kansas is GMT/UTC - 5h during Daylight Saving Time.anhattan, Kansas is GMT/UTC - 6h during Standard Time Manhattan, Kansas is GMT/UTC - 5h during Daylight Saving Time.
New York City Time (NYC time) Current time now in Time Zone: America New York (USA Eastern Time) USA & Canada clocks are now on. Daylight saving start: Sunday 12 March 2017 02:00 local time. Clocks go forward one hour. Daylight saving end: Sunday 5 November 2017 02:00 local time. Clocks go back one hour.