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Reply to "How did you pay for your renovations? HELOC? LOC? Cash? HEL?"
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[quote=Anonymous]You want to be removed form the process as much as possible. Use a construction loan that requires the bank to disburse the funds at certain times. If a builder doesn't want to go that route don't use them. This is also to protect you. How often do you hear of a contractor walking off the job and not finishing everything? Once the job is done, pay off the loan. Why tie up your cash during the construction and remember, contractors always need just a little more of the funds for xyz etc [/quote]
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