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Company Loan Type APR Est. Pmt.

is this a refi or conventional scenario - easy question

Posted on: 03rd Dec, 2010 08:55 pm
as new home construction ends, and construction loan matures, is it considered a refinance as a permanent loan is established?
Hi alestes,

Once the construction ends, you will have to refinance the mortgage into a normal conventional loan. This will help you in establishing a permanent loan against the collateral.

Thanks
Posted on: 03rd Dec, 2010 11:19 pm
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