re: Question About Financing a House

I've done this type of thing a few times and it was different every time. I have a mortage broker and a banker that I trust. I go see both and look at my options. Now that I have a large chunk of equity in my current home I use a heloc. They are low interest and no closing cost. Before I had a solid chunk of equity I would buy a house on loan and do a heloc for the reno. Before that I would do a construction loan for the whole deal. The costs are higher for that option.
So, find a few hard workers in the bank industry and they will compete to get the best thing they can for you.