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Updated almost 5 years ago,
Construction draws on hml
I'm a newbie, and trying to make sure I know every penny of the costs associated with my future BRRRR. My lender just told me that construction draws cost $200, and require an inspection- SOP, it seems, but he said I can draw as often as I like. So- what if I just pull it all out right away to minimize paying the fees? I'm sure there's a drawback to that- but what?