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Updated about 11 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Involved In Real Estate
  • from New York City, New York
  • Member since Dec 7, 2013
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Involved In Real Estate
  • from New York City, New York
  • Member since Dec 7, 2013
Connect
Account Closed
  • Involved In Real Estate
  • New York City, NY
2
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25
Posts
Private Lending & Conventional Mortgage Advice

Question RE: loan for purchase and refurb

Account Closed
  • Involved In Real Estate
  • New York City, NY
Posted

New investor question: If I'm purchasing a 40K home that will require 10K worth of refurb, would I just lump those two together and tell the bank that my total purchase will be 50K? And is there a special name to a bank loan that goes towards both a purchase and refurb?

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