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re: Can someone help me understand how construction loans work?
Posted on 4/4/24 at 5:14 pm to Random MsState Fan
Posted on 4/4/24 at 5:14 pm to Random MsState Fan
I never put anything down and never paid anything until the home sold, the lot was the collateral. Yes you will have to come out of pocket if you go above the 153 in your example. Caveat - I have not built any in last 5 years, things might have changed, I was building in TX.
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