Construction loan into an 80/20?

 I'd like to build a new home but I like the flexibility of an 80/20
mortgage.  Is is possible to roll a construction loan over to an 80/20
style mortgage?  My understanding is that the construction loan and
mortgage are seperate entities, and you can pay off the construction
loan with whatever mortgage product one likes.  is this true?

Stan

  Stan,

I'm going through this now...and my bank has a construction loan that
will roll into a mortgage with the advantage being only one closing
cost.  So as per your description, the $ is one entity with different
stages.
<http://www.gatewaymortgagecenter.net/realtors/construction.htm>

I believe you can also get traditional financing as you say.  Best of
luck.

Darwin