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fixed mortgage

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Icon Mini Profile annyb27





Joined: 07 Jul 2009

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Post Posted: Fri Oct 02, 2009 12:21 am    Post subject: fixed mortgage
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What is the difference between a conventional fixed mortgage and a construction loan mortgage? We are discussing flipping a house and don't really know the best loan?
Icon Mini Profile sunnyca2009





Joined: 04 Aug 2009

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Post Posted: Fri Oct 02, 2009 8:21 pm    Post subject:
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If you are not goign to build a house, bu just a house then you do not need a construction loan
Icon Mini Profile dollylee9





Joined: 19 Jul 2009

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Post Posted: Sat Oct 03, 2009 11:26 am    Post subject:
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A conventional mortgage will finance just the purchase of the property. If you are in need of some rehab work on the property, there are a number of programs available to you to get the work done to maximize profit margins.
Icon Mini Profile sunnyca2009





Joined: 04 Aug 2009

Posts: 1731

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Post Posted: Sat Oct 03, 2009 11:50 am    Post subject:
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check this post

http://www.mortgagefit.com/refinance/optionarm-interest.html
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