Many people are confused about the difference between a construction loan and a renovation loan, as are some loan officers at many lending institutions.
In simple terms…
A construction loan is used when someone wants to build from..
Most people do not realize that when you get a construction or renovation loan from a bank you are getting more than just the monies to complete the project; you are getting a measure of protection for both yourself and ..
Home rehab mortgages which has loan limits up to $3M, can be used for individual or family units.
If you’re thinking of Purchasing a Condo and would like to update kitchen, bath and flooring? … How about new appliances?