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Reply to "Construction loan financing question - amount of down payment required"
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[quote=Anonymous]PP 11.46 - So Agree with you that you start the construction loan at the last possible moment. We have paid everything out of pocket. Permit, etc can take a long time - especially depending where you live . And agree, we worry on the 1 year with anything that can happen - we have seen neighbors slow things down (court over-rules them - but it hurts you interest wise). We researched it and After a year, an extension causes interest rate to go up. Good luck everyone![/quote]
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