is this a refi or conventional scenario - easy question

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is this a refi or conventional scenario - easy question

jameshogg

Posted on: 03rd Dec, 2010 08:55 pm

as new home construction ends, and construction loan matures, is it considered a refinance as a permanent loan is established?

Total Reply : 1

Hi alestes,

Once the construction ends, you will have to refinance the mortgage into a normal conventional loan. This will help you in establishing a permanent loan against the collateral.

Thanks

jameshogg

Posted on: 03rd Dec, 2010 11:19 pm

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