So almost all of the 1.2 billion people in China can understand Standard Mandarin, and most of these people can also speak it. If you want to communicate with as many Chinese people as possible, it is best to learn Standard Mandarin. But if you are especially interested in Hong Kong, you can learn Cantonese.
Interest Rate for Home Construction Loan Detail One: Lock Your Rate In ASAP! Rates are already starting to climb just a bit. After dropping to below 4% in 2010, this year has shown average mortgage interest rates rise to 4.95 for a 30 year loan, and 4.20 for a 15 year loan. Any mortgage interest rate below 5% is a great deal. Locking in a great low rate is the best gift you can give yourself for the next 15 or 30 years.
For example, paying a extra 0.5 percent on a $200,000 construction loan over six months, would only add no more than $250 to your borrowing costs. Construction loans are typically interest-only and you will pay only on the money that has been disbursed.n construction loans, most lenders today will only loan you 75% of the appraised value of the home, based on the plans and specs. This is called the âSubject to Completion Appraisal,â done by the bank.