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Updated over 6 years ago,
Personal Loan to Refi Mortgage?
Is it possible to purchase a property and rehab it with a personal loan then get it refinanced with a traditional mortgage?
I always wondered since places like SoFi and other personal lenders give such large amounts with not much paperwork. Obviously the pitfalls would be the interest on the loan and the monthly payment. Just wondering if I could add this method to the toolbox in a bind.
Thanks!