Posted on: 20th Sep, 2009 05:08 pm
In Texas, if I have an A 6 mortgage, and want to tear down, and build new on the lot, with a construction interim loan and then a permanent mortgage
that includes the original A 6 amount and the construction money, what is the process?
that includes the original A 6 amount and the construction money, what is the process?
Have you called yoru current lender?
Yes, You have to contact your lender if you has not pay off him. Inform to your lender before doing anything with property.
Thanks & Regards,
gunz.ijjistaff
Thanks & Regards,
gunz.ijjistaff
I am thinking of selling the house I have on my property to be moved and building on it, but I am not sure if I can do this. I do have a mortgage on it. Can I do this?
Hi Rodriguez,
You will be able to sell off the property but you need to pay off the mortgage in full once the property is sold off. Once you sell off the property and pay the dues in full, you can build a new home on the lot.
Thanks,
Jerry
You will be able to sell off the property but you need to pay off the mortgage in full once the property is sold off. Once you sell off the property and pay the dues in full, you can build a new home on the lot.
Thanks,
Jerry