Credit report

Those that are seeking better interest rates should obtain copies of their credit reports from one or all three national credit reporting agencies; Equifax, Experian, and TransUnion. A credit report contains a score which determines how high or how low an interest rate for log home construction loans will be. High scores will bring low interest rates and low scores bring about high interest rates. The lower the interest rate, the lower the log home construction loan monthly payments will be, since the borrower is only making payments to interest throughout the construction process.