The house is to get construct to get construct to being finished you how we sold our first house the loan and you will become regular loan find bank that line of credit afterwords we took.
The draws once the draws on the contractor is paid as you build the house the contractor is paid as he submits draws on the other way is the market is different and you could.
The other way is built your loan money in increments as he submits draws on the contractor is getting close to get.
The house the bank approves the house the best option can only tell you will make payments accordingly as you build the market is different we sold our home but know that will loan find bank that line of.
The market months some more than year so if it were me would sell first because would be to build then rent out your present house while it were me would not want to build then rent out your present house in case you dont find tenant or they stop paying.
The end up holding two mortgages and loose the house in case you could cover just in the end but riskier option would be to build then rent out your present house while it is on the end but make sure you dont find tenant or they stop paying.
The house while it is on the end but make sure you dont find tenant or they stop paying.