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 Time Zone. New York is in the Eastern Time Zone in the United States of America (USA). Eastern Standard Time (EST) is 5 hours behind Greenwich Mean Time (GMT-5).