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short term loan

Financing A Fixer: Mortgage + Construction = Impossible?

We have all seen these wonderful deals on homes that we classify as fixers? It used to be you needed to buy your home and get a mortgage and then figure out how to get a construction loan. This usually turned into a nightmare because you could not get construction loans. That has all changed! There is financing where the mortgage and the construction loan are rolled into one.

These loans cover the following
Refinance your home and include renovation
Purchase a home that needs major renovation
Buy the land and build from the ground up

The loans are very reasonable at current market rates.

Follow the link below for a downloadable PDF summary of plans, hit your browser’s back button to return:

http://www.westlarealestategroup.com/blog/wp-content/uploads/2009/11/construction-loan-pdf4.pdf

With today’s house prices + the low cost of financing you now can build your dream house from the ground up or get that bargain fixer and be able to finance the house and the construction with one loan at current conventional loan rates.