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Updated over 4 years ago,

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Account Closed
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Starting Out

new home construction loan vs home equity loan

Account Closed
Posted


Would it be possible get a home equity loan to finish the construction of a new home that i started by paying for out of pocket?

I'm not sure how much i can cover but let's say 30% of the total cost of construction.

It terms of overall costs and interest percentage, would this be better than getting a home construction loan that roles into a mortgage with a one time close for the entire project?

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