Construction loans are an expensive and troublesome pain with lots of hoops.
My last was in 1993, and I vowed to self fund my many builds since then.
HELOC, refi existing mortgage, margin loans, stock secured, 401k loan, personal lines of credit, beg borrow steal (and mortgage the kids) anything but a construction loan for me.
I know precisely what I would do in your case,![;)]( "Wink")
... it would be very unconventional. But I'm very fast (and inexpensive) at re-building. (And have my own bulldozer)
My last was in 1993, and I vowed to self fund my many builds since then.
HELOC, refi existing mortgage, margin loans, stock secured, 401k loan, personal lines of credit, beg borrow steal (and mortgage the kids) anything but a construction loan for me.
I know precisely what I would do in your case,
... it would be very unconventional. But I'm very fast (and inexpensive) at re-building. (And have my own bulldozer)Statistics: Posted by Wash.Invest — Sun Oct 20, 2024 12:35 am — Replies 2 — Views 236