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.
This makes payment of construction loans more feasible. You also pay only on the amount that has been paid out already. For instance, if you are borrowing $100,000, and only the first $10,000 has been paid out, you pay interest only on the first $10,000 and not on the full $100,000. These other houses are called âcomps,â and an appraised value is determined based on the comps. 2  You Will Need to Put Down a Large Down Payment. 3  Typically, 20% is the minimum you need to put down for a construction loan â some lenders require as much as 25% down.