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Originally Posted by NoSoup
Well, it seems you have already gotten plenty of good advice on the construction portion of it - if you have any questions regarding the construction loan/mortgage or how any of the funding works, I can help you out there  |
Ooooh...yes...need that info, big-time! Thanks!
We're covering the land purchase with a home equity loan...then when we go to build....what's the process? Just get a new home building loan...start building the sucker, put our current house up for sale a couple of months before the new one is finished and hope we sell at the exact right time so we aren't "homeless" or carrying two mortgages for too long because we had to roll the construction loan into a second first mortgage...??? Any suggestions would be so appreciated! Please, tell me what you know, because really--I know nothing about it.